RDIF and Vnesheconombank to cooperate on ‘project finance factory’
Sochi, February 15, 2018 - The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) and the Bank for Development and Foreign Economic Affairs (Vnesheconombank) have announced they will cooperate on the ‘project finance factory’ initiative - a debt financing mechanism for state supported investment projects. According to the agreement, RDIF will participate in the ‘factory’ initiative and provide financing for the projects that have been selected.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"Cooperation between RDIF and VEB will provide new impetus to investment activity in the Russian market. Thanks to our participation, the projects included in the ‘factory’ will have access to global best practices and expertise from a major Russian investor with a large-scale network of international partnerships."
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 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 / Elena Garside
Tel: +44 (0) 20 7796 4133