Russian Direct Investment Fund and JBIC set up a Russia-Japan Investment Fund
Press release, 16.12.2016
Tokyo, 16 December 2016 – The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MoU) which sets out the agreement to establish a Russia-Japan Investment Fund (RJIF). RJIF will seek and realise attractive investment projects to promote economic, trade and investment cooperation between Japan and Russia.
Under the MoU, RDIF and JBIC have agreed that each of them will invest $500 million for the joint investments through RJIF and a joint investment framework. The signing ceremony took place today in the presence of the Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe as part of the official visit of Mr. Putin to Japan.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“The Russia-Japan Investment Fund has received broad support from the Russian and Japanese authorities and is intended to become a key mechanism for investment cooperation between our countries. The creation of the fund will accelerate the implementation of joint projects and bring the work of RDIF and JBIC to a new level. It will likely operate as an independent structure and its first deals are expected in the coming year.”
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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. RDIF’s management company is based in Moscow. Further information can be found at www.rdif.ru
For additional information contact:
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133