RDIF and JBIC agree key terms and conditions for Russia-Japan Investment Fund

Press release, 27.04.2017

Moscow, 27 April 2017 – The Russian Direct Investment Fund (RDIF) and the Japan Bank for International Cooperation (JBIC) have agreed the key terms and conditions for the establishment and operation of Russia-Japan Investment Fund. Through the Fund and joint investment framework, the parties will jointly pursue and implement attractive investment projects as part of trade, economic and investment cooperation between Russia and Japan. Both parties confirmed those terms and conditions today on the sidelines of the meeting between Russian President Vladimir Putin and Prime Minister of Japan Shinzo Abe during the official visit of the Japanese government delegation to Russia.

RDIF and JBIC signed the memorandum of understanding on the establishment of Russia-Japan Investment Fund in December 2016 during the Russian President's official visit to Japan. The investment through the Fund and joint investment framework will be made primarily in the sectors which were specified in “the eight-bullet-point proposal”, presented by Japanese Prime Minister to Russian President at the Japan-Russia summit meeting held in May 2016, including healthcare, development of comfortable and clean cities, energy, cutting-edge technologies and developing industries and export bases in the Russian Far Eastern District, as well as other initiatives that will strengthen the trade and economic relations between the two countries

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“Joint investments of the Russian Federation and Japan can become the driver behind the growth of economic cooperation between our countries. We already see a steady interest from our Japanese partners in increasing the investment cooperation, which was explicitly indicated by Prime Minister Abe in 2016. Then, the Prime Minister proposed a number of priority areas for economic cooperation with Russia, and for many of them we have already found the common ground with our Japanese partners. I am confident that the investment partnership between RDIF and JBIC will accelerate the development and diversification of the trade and economic relations between Russia and Japan.”

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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

For additional information contact:
Maria Medvedeva
Russian Direct Investment Fund
Director of External Communications
Tel: +7 495 644 34 14, ext. 2141
Mobile: +7 964 726 17 73
E-mail: mm@rdif.ru

Andrew Hayes / Yulianna Vilkos
Hudson Sandler
Tel: +44 (0) 20 7796 4133