Head of Russian Direct Investment Fund reports over $21 bln worth of capital injections over past six years
Russian Direct Investment Fund (RDIF)and its partners have made investments worth over 250 bln rubles ($4.4 bln) in 2017 and over 1.2 trillion rubles ($21.2 bln) over the past six years, Chief Executive Officer of the Fund Kirill Dmitriev said at a meeting with Prime Minister Dmitry Medvedev on Wednesday.
"We together with our partners invested over 250 bln rubles last year, of which 40 bln (rubles, or $706 mln) have been invested by the RDIF, while 210 bln rubles ($3.7 bln) have been invested by our partners. Consequently, we have already invested over 1.2 trillion rubles in Russia’s economy over the past six years," he said.
According to Dmitriev, capital injections have been made in several sectors of the economy, including medicine, road construction and others. "We have also reported good level of yield, (which) has exceeded 15% per annum in rubles over the past six years, and our partners have also had positive yield in dollars," CEO said.
He added that more than 40% of the Fund’s investment have been made in infrastructure. Also, the plans are to bring the share of investment in the technological sector to 25%, Dmitriev said.