RDIF and The Federal Service for Supervision of Natural Resourced to cooperate on implementing ecological investment projects

Press release, 07.06.2019

Saint Petersburg, June 7 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and The Federal Service for Supervision of Natural Resources announce their strategic cooperation for the implementation of investment projects contributing towards the intended targets set out in the government’s “Clean Air” project. The agreement was signed today during the St. Petersburg International Economic Forum.

The “Clean Air” project is aimed at improving environmental standards and reducing emissions in a number of Russian cities, including Krasnoyarsk, Magnitogorsk, Norilsk, Omsk, Chelyabinsk, etc. The project’s activities will ensure the reduction of emissions from transport, industrial and power generation enterprises, and help to create a "green border" of cities through the construction of parks and squares.

RDIF and The Federal Service for Supervision of Natural Resources plan to jointly evaluate the investments that contribute towards fulfilling the project’s aims, to study the ways to attract private Russian and foreign investments. Both parties will also work to create a favorable investment climate for environmental projects.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“The joint efforts of the RDIF and The Federal Service for Supervision of Natural Resources will make it possible to contribute towards reaching the goals set-out by the “Clean Air” plan, as part of the national project’s Ecology focus. We anticipate that with this partnership in place, we will be able to reduce negative environmental impacts and attract additional funds for the implementation of environmental projects.”

Svetlana Radionova, Head of The Federal Service for Supervision of Natural Resources, said:
“We are pleased to announce cooperation aimed at the implementation of the “Clean Air” project. The agreement is primarily aimed at improving the environmental situation in the country and therefore - the quality of life. We consider the RDIF as a reliable partner in achieving this goal”.

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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 RUB 1.5tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40bn. 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