RDIF and the Federation Council collaborate to attract investment into Russia’s regions
Press release, 27.03.2018
Moscow, March 27, 2018 - The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) and the Federation Council of the Federal Assembly of the Russian Federation have today signed a joint collaboration agreement to grow Russia's trade, economic and investment potential. This includes attracting investment into priority projects in the regions of Russia.
The agreement will see both parties identify priority investment projects and oversee their subsequent implementation, supporting regional authorities in the creation of a favourable investment climate to attract foreign direct investment.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"It is vital that we concentrate efforts on attracting investment which will help us transition from sustainable economic development to breakthrough growth. It is particularly important to improve the investment climate in Russia’s regions and to establish dialogue between local authorities and business in areas where there is significant potential to implement that breakthrough growth.
RDIF is actively working to foster this climate alongside the Centre for Attracting Investment in Russia’s Regions whose Invest in Russia information portal is available in four languages. As a result, RDIF’s portfolio companies have a presence in 95% of Russia’s regions, while 80% of investments made by the Fund and its partners are directed to projects outside Moscow and St. Petersburg. We look forward to working more closely with the regions of Russia and sharing our expertise in attracting and interacting with leading investors.”
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 / Elena Garside
Tel: +44 (0) 20 7796 4133