RDIF and partners set to provide over 30% of private investments required for Russia’s national projects

Press release, 22.02.2019

Moscow, February 22, 2019 – The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, will present a comprehensive plan for attracting foreign direct investment into national projects to members of the Presidential Council for Strategic Development and National Projects, which Kirill Dmitriev, the CEO of RDIF, joined yesterday. During a meeting with Russian President Vladimir Putin at the end of 2018, the CEO of RDIF reported on the role of the fund as an investment filter for national projects and shared plans to attract RDIF and its co-investors to the implementation of national projects.

Examples of such investments include projects already executed by RDIF and its partners:

  • Expansion of the network of clinics for diagnosis and treatment of oncological diseases across Russia (National project “Healthcare”)
  • Localization of the turbines production as part of small hydropower plants construction in Karelia region (National project “Labor Productivity and Supporting Employment”)
  • Enhancing the export potential of Novomet, oil production equipment manufacturer (National project “International Cooperation and Export”)
  • Environmentally friendly processing of waste into electricity project. (National project “Ecology”)
  • Digital bridge between Europe and Asia in partnership with Transneft Telecom (National project “Digital Economy”)
  • Transformation of the former Tushino airfield into a new urban area featuring technopark, high-quality residential properties, as well as sports, social, scientific and educational infrastructure (National project “Housing and Urban Development”).


Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), noted:
“Our international partners are demonstrating great interest in the implementation of national projects in sectors such as infrastructure, technology, healthcare, and environment. Our collaboration will help to significantly reduce the proportion of budget funding, as well as improving the effectiveness of the national projects and accelerating their implementation.”

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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 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