Russia's RDIF, China's CIC To Invest $1Bln In Joint Innovation Fund

Sputnik, 05.06.2019

MOSCOW (Sputnik - 05th June, 2019) The Russian Direct Investment Fund (RDIF) and the China Investment Corporation (CIC) have agreed to invest $ 1 billion in the creation of the Russian-Chinese Science and Technology Innovation Fund, the RDIF said Wednesday.

"We expect that its activities will make a significant contribution to the development and implementation of the most advanced technologies and solutions for the development of the economies of our countries and the further strengthening of our partnership," RDIF CEO Kirill Dmitriev said as quoted by RDIF press service.