RDIF, China-Eurasia Economic Cooperation Fund, and Vnesheconombank agree to make joint investments in Russia and China
Press release, 17.12.2015
Beijing, 17 December, 2015 – The Russian Direct Investment Fund (RDIF), the China-Eurasia Economic Cooperation Fund(CEECF), and the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) have agreed to jointly evaluate and execute investment opportunities in Russia and China that will contribute to investment cooperation and the growth of economic trade between the two countries.
Projects in industrial production, transport infrastructure, power generation, and energy efficiency were identified as priorities for collaboration. The agreement was signed today in the presence of Dmitry Medvedev, Prime Minister of Russia, and Li Keqiang, Premier of the State Council of China.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“We are delighted to foster cooperation with our Chinese partners. With the Silk Road Fund we are already implementing a global initiative to create the Silk Road Economic Belt, which will promote economic development throughout Eurasia. This new agreement will enhance the efficiency of our partnerships with China.”
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 atwww.rdif.ru
For additional information contact:
Russian Direct Investment Fund
Director, Media Relations Department
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
Andrew Hayes / Elena Garside/ Joseph Burgess
Tel: +44 (0) 20 7796 4133