RDIF, JBIC agree terms and conditions for Russia-Japan investment fund

Interfax, 27.04.2017

MOSCOW. April 27 (Interfax) - The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) have agreed the key terms and conditions for the establishment and operation of a Russia-Japan investment fund. Through the fund both parties will pursue and implement attractive investment projects as part of trade, economic and investment cooperation between Russia and Japan, RDIF said.

Corresponding agreements were confirmed on Thursday on the sidelines of the meeting between Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe during an official visit of the Japanese governmental delegation to Russia.

RDIF and JBIC signed the memorandum establishing the Russia-Japan investment fund in December 2016 during the Russian President's official visit to Japan. Priority industries for investment cooperation include healthcare, development of comfortable and clean cities, energy, cutting-edge technologies and developing industries and export bases in the Russian Far Eastern District.

Joint Russian and Japanese investments can become the driver of growing economic cooperation between our countries, RDIF CEO Kirill Dmitriev was cited as saying in a statement. "I am confident that investment partnership between RDIF and JBIC will accelerate the development and diversification of trade and economic relations between Russia and Japan," he said.