RDIF, Silk Road Fund and Vnesheconombank finalize cooperation agreement
Beijing, September 3, 2015 – The Russian Direct Investment Fund (RDIF), China’s Silk Road Fund and the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) have reached an agreement to strengthen their cooperation in exploring investment opportunities in Russia and China. The agreement was executed today as part of the agenda for Russian President Vladimir Putin’s official visit to China.
Under the agreement, the parties agree to focus their efforts on investing in projects that will contribute to growths in cross-border trade and investment, as well as economic cooperation between the two countries. As their priority areas of cooperation, the parties identify a number of sectors, including infrastructure, industrial production, energy development and energy efficiency.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“We are excited about the opportunity to cooperate with the Silk Road Fund. The global initiative to create the Silk Road Economic Belt has mutually advantageous opportunities for countries across Eurasia. By uniting our expertise and investment resources, we will be able to implement large-scale projects that promote the strengthening of economic ties not only between Russia and China, but also with other continental partners.”
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Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments, primarily in Russia alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at rdif.ru
Silk Road Fund is a $40 billion medium to long term investment fund established in Beijing in December 2014. It makes outbound investment through both equity and debt financing. The fund focuses on infrastructure, energy, industrialization and financial cooperation that are vital to the connectivity of the Chinese economy with the rest of the world.
Russian Direct Investment Fund
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