"RDIF is going to get additional capital in 2017. The money will come from RDIF’s 10-percent quota in the National Welfare Fund, the appropriate decision was made. Necessary amendments into the state budget are going to be considered by the Parliament during the autumn session. The same mechanism is going to be used in federal budgets of the years 2018, 2019 and 2020," the source said.
According to the source, the capital injection would be carried out in accordance with the executive orders of Russian President Vladimir Putin and Prime Minister Dmitry Medvedev and the capital of the fund should reach the planned level of $10 billion.
On Monday, Russian President Vladimir Putin held a meeting with RDIF CEO Kirill Dmitriev, with the latter reporting that one trillion rubles [$16.6 billion] was invested in various Russian companies since the fund had begun its work, with the fund using 100 billion rubles of its own money and rest covered by its partners.
The RDIF, founded in 2011, directly invests in established and promising Russian companies alongside the world's leading investors.
