Russian Direct Investment Fund plans to invest 1.5 trillion rubles in foreign partners’ projects

TASS, 25.05.2018

During the next two years, the Russian Direct Investment Fund (RDIF) plans to invest 1.5 trillion rubles into investment projects of its international partners, the fund’s Chief Executive Kirill Dmitriev said on Thursday.

"RDIF and its partners have already invested 1.2 trillion rubles into more than 50 projects in Russia, and every invested ruble attracts nine rubles from our partners," Dmitriev said during Russian President Vladimir Putin’s meeting with RDIF international expert council members and international investors. "During the next two years, we plan to invest another 1.5 trillion rubles jointly with partners present here."

He said that the investors present at the meeting accounted for 90 percent of all direct investment in Russia.

"We have already invested a lot into the infrastructure," Dmitriev said. "According to our estimates, the required investment in Russian infrastructure stands at 2 trillion rubles a year."

"Therefore, today we are going to discuss ways to increase Russia’s national debt in order to invest more into infrastructure, and we actively cooperate with the Finance Ministry of the Russian Federation on the issue," the Russian official added.

Dmitriev also noted the importance of investment into Russia’s technological sector.