RDIF to establish Russia-Armenia Investment Fund
Moscow, March 15, 2017 –The Russian Direct Investment Fund (RDIF), a Russian sovereign wealth fund, has announced that it will be establishing the Russia-Armenia Investment Fund alongside the Armenian state-owned company SME Investments. Through the fund, the partners will jointly search for attractive investment opportunities that will strengthen trade, economic and investment cooperation between the two countries. The agreement was signed today as part of Armenian President Serzh Sargsyan’s official visit to Russia, which will include a meeting with Russian President Vladimir Putin.
This opportunity has arisen following discussions between Minister of Industry and Trade of the Russian Federation Denis Manturov and the Minister of Economic Development and Investments of the Republic of Armenia Suren Karayan who identified the priority sectors for investment in Russia and Armenia.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“We are pleased to welcome our first international partner and co-investor from the CIS. Armenia is one of Russia’s key trade and economic partners in the Eurasian Economic Union. The fund will contribute to the further development of the economies of both countries through implementing projects in such priority sectors as agriculture, industrial production, transport and logistics infrastructure, as well as in technology.”
Artur Badalyan, Executive Director of SME Investments, said:
"We are pleased to create the Russia-Armenia Investment Fund with RDIF. RDIF’s experience in creating international investment partnerships as well as its corporate governance expertise will be indispensable in enhancing the effectiveness of joint Russian-Armenian projects. I am confident that our co-investments will contribute to the further integration of the economies of Russia and Armenia. We will also seek to grow trade volumes and strengthen the already good relations between the two countries. "
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund 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
SME Investments is Universal Credit Organization closed joint-stock company which was created in 2009 within the framework of the “Crediting of economic stabilization” program. Within the framework of state-private cooperation, the credit organization contributes to the development of industries that are of strategic importance for the Armenian economy and to the uniform development of the regions of the Republic of Armenia. It promotes the export of goods, creation of new jobs, and also provides financial support by lending, issuing guarantees and providing other financial support. For more information, please visit: www.smeinvest.am
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
SME Investments UCO CJS
Head of the First Finance and Credit Department/
Tel: +37460 506556, +37410 708020
Mobile: +37493 807 770