RDIF, Mongolia's DBM Asset Management to create a joint fund

Interfax, 03.09.2019

ULAANBAATAR. Sept 3 (Interfax) - The Russian Direct Investment Fund (RDIF) has signed an agreement with DBM Asset Management, a subsidiary investment company of the Development Bank of the Republic of Mongolia, to create a joint Russian-Mongolian Investment Cooperation Fund, the RDIF said in a press release.

The agreement was signed during Russian President Vladimir Putin's visit to Ulaanbaatar.

The parties will focus on sourcing and implementing projects in Russia and Mongolia, which will contribute to developing the economic potential in both countries and to improving the business climate.

"RDIF is pleased to announce a partnership with DBM Asset Management, and I look forward to strengthening trade and economic relations between our countries through productive cooperation, jointly investing in projects and helping Russian companies gain access to markets both in Mongolia and more widely across the entire Central Asian region," said Kirill Dmitriev, CEO of the RDIF.