Russian Prime Minister Dmitry Medvedev is introduced to RDIF’s project for a Russia-wide network for the diagnosis and treatment of oncological diseases

Press release, 25.07.2018

Moscow Region, July 25, 2018 - Russian Prime Minister Dmitry Medvedev visited an oncology centre in Balashikha, where he held a meeting to discuss developments for the treatment of cancer for the Russian population. Dmitry Medvedev had a guided tour of the oncology and radiological facility to understand its activities and potential.

The construction of the oncology centre in Balashikha is the first concession project in the field of nuclear medicine in Russia. The successful opening of the centre was made possible by its investors - the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) and leading Middle Eastern sovereign funds which invested alongside it.

At the meeting it was noted that RDIF had developed a standard structure, which it will apply in future, to implement similar projects, both in the Moscow region and in other regions, with the goal of creating a Russia-wide network of cancer centers. The initiative is being implemented by RDIF within the framework of a special national program to combat cancer, proposed by Russian President Vladimir Putin.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“RDIF actively participates in the implementation of infrastructure projects, ensuring the attraction of significant investments in this sector. This creates conditions for the implementation of projects in the regions of Russia and the improvement of not only the economic situation, but also the quality of life of the population. RDIF together with partners continues to work closely with the constituent entities of the Russian Federation to realize the investment potential of the regions.”

Reference Information:
The Balashikha Cancer Centre is a unique medical institution with the most modern equipment to enable high-tech medical care within a wide range of services from early diagnosis to timely effective treatment of cancer. Annually this centre will carry out 20 thousand diagnostic tests, and also provide modern radiation therapy for 2,5 thousand patients. At the same time, 89% of health services will be provided within the framework of the MHI program, free of charge for the population.

* * *

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:
Arseniy Palagin
Russian Direct Investment Fund
Press Secretary
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru

Andrew Hayes / Andrew Leach
Hudson Sandler
Tel: +44 (0) 20 7796 4133