Russian direct investment fund, Japan Bank For Cooperation to Create Joint Fund

Sputnik News Service, 16.12.2016

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.