Investment Council under the Chairman of the State Duma of Russia supports initiatives to stimulate the development of the industrial sector

Press release, 30.11.2015

Moscow, November 30, 2015 – Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), participated in the regular meeting of the Investment Council under the Chairman of the State Duma. During this meeting, Council members approved proposals for government support of industrial development.

According to the participants of the meeting, creation of comprehensive industrial policy is crucial to promoting economic growth, the utilisation of industrial-technical potential, and Russia’s national security. A key element of this support is a mechanism of "Investment lift" targeted at medium-sized companies and created on behalf of the Russian President.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, Deputy Chairman of the Investment Council under the Chairman of the State Duma, said:

"It is important to create high-quality infrastructure for the development of the industrial sector in Russia and to realise the considerable potential for companies to improve efficiency. There is an opportunity for companies to achieve two or three fold growth, which will be an additional stimulus to investment and the development of cutting-edge technologies."

***

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. RDIF’s management company is based in Moscow. Further information at www.rdif.ru

Media contacts: 
Maria Medvedeva 
Russian Direct Investment Fund 
Director, Media Relations Department 
Tel: +7 495 644 34 14, ext. 2141 
Mobile: +7 964 726 17 73 
E-mail: 
mm@rdif.ru

Hudson Sandler
Andrew Hayes / Elena Garside
Tel: +44 (0) 20 7796 4133