Russian direct investment fund, Japan Bank For Cooperation to Create Joint Fund
The Russian direct investment fund (RDIF) and the Japan Bank for International Cooperation (JBIC) are creating a joint Russian-Japanese investment fund, according to RDIF CEO Kirill Dmitriev.
TOKYO, December 16 (Sputnik) - The Russian direct investment fund (RDIF) and the Japan Bank for International Cooperation (JBIC) are creating a joint Russian-Japanese investment fund, RDIF CEO Kirill Dmitriev has announced.
"Today, we will have the very important signing on the establishment of a joint Russian-Japanese investment fund with the JBIC company in the amount of $1 billion," Dmitriev said on Friday.
According to the RDIF CEO, the new fund will play a key role in financing joint Russian-Japanese investment projects in the spheres of infrastructure and agriculture, among others.
Dmitriev said that the RDIF will invest a sum "close to half" but will have a non-controlling interest in the new fund.
The signing of the new RDIF-JBIC agreement is expected to take place in the presence of Russian President Vladimir Putin and Prime Minister of Japan Shinzo Abe.