RDIF and JBIC launch the Russia-Japan Investment Fund
Press release, 07.09.2017
Vladivostok, September 07, 2017 - The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) announce the launch of the Russia-Japan Investment Fund (RJIF), established to jointly pursue and implement attractive investment projects to promote economic, trade and investment cooperation between Japan and Russia. The process of formalizing the fund’s establishment is complete and the investment team have already begun a detailed analysis of priority projects. Currently, the deal pipeline extends to various industries such as healthcare, chemicals, metals and services. Several deals are due to be finalised in the near future.
The Memorandum of Understanding (MoU) between RDIF and JBIC, in which each party committed $500 million, was signed in December 2016 during the official visit of the Russian President to Japan. Priority sectors identified for 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, 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), said:
"The joint fund between RDIF and JBIC’s will attract FDI into the Russian economy via collaboration with large Japanese companies and banks. The Fund’s initiatives will not only help to diversify Russian-Japanese trade and economic ties, but will also help to develop progressive technologies and further strengthen the identified industries."
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:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Yulianna Vilkos
Tel: +44 (0) 20 7796 4133