RDIF and the American Chamber of Commerce in Russia to cooperate to strengthen US-Russia economic ties

Press release, 14.02.2019

Sochi, February 14, 2019 – The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and the American Chamber of Commerce in Russia (AmCham) have agreed to jointly identify attractive investment projects to strengthen bilateral economic ties and increase mutual investment between Russia and the United States. RDIF and AmCham also plan to hold joint events to facilitate dialogue between the business communities of Russia and the United States. The agreement was concluded today alongside the Russian Investment Forum in Sochi.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“At present, Russia – U.S. relations are at a low point, and we believe business can help to restore dialogue between countries. Business sets a confident agenda and provides an opportunity to focus on the positive aspects of relationships. We invite American companies to take part in joint projects and hope that this dialogue will open up new opportunities for cooperation.”

Alexis Rodzianko, President and CEO of the American Chamber of Commerce in Russia, said:
“The results of our research demonstrate that accumulated direct investment of US companies in Russia exceeds 80 billion USD. Our members - US companies - continue to invest in Russia and to successfully develop their business here. However, the trade and economic relations between the two countries are far short of their potential because of the geopolitical situation. We are pleased to cooperate with RDIF and will work together to fulfill this potential.”

***

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. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than 1.4 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people, and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. Further information can be found at www.rdif.ru

For 25 years, the American Chamber of Commerce in Russia (AmCham) has been the leading international business organization in Russia. Founded in 1994, AmCham advocates the trade and investment interests of our member companies. The reach and scope of AmCham’s advocacy continues to expand to reflect the increasing diversity of its membership. AmCham’s mission is to enhance commercial relations between the Russian Federation and the international business community by promoting an investment-friendly environment. It seeks to achieve this goal by serving as an indispensable forum for discussion and problem solving between the business community and policymakers, while maintaining a constant dialogue with the U.S. and Russian governments. AmCham is headquartered in Moscow, has a regional office in St. Petersburg, and makes regular visits to regional cities in Russia. Further information can be found at www.amcham.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 Leach / Maria Shiryaevskaya
Hudson Sandler
Tel: +44 (0) 20 7796 4133