RDIF raised 10 rubles from partners for every 1 it invested in 2019 for total of 365 bln - Dmitriev at meeting with Putin

Interfax, 17.01.2020

NOVO-OGARYOVO. Jan 17 (Interfax) - The Russian Direct Investment Fund and its foreign partners invested 365 billion rubles in the Russian economy in 2019, RDIF head Kirill Dmitriev said at a meeting with Russian President Vladimir Putin.

"Our year ended very successfully. We invested 365 billion rubles in the Russian economy together with our partners, including 30 billion in RDIF funds. The rest was funds from our partners - that is, for every ruble of ours, we raised about 10 rubles from our partners," Dmitriev said, thanking Putin for supporting RDIF.

Foreign direct investment in Russia grew significantly in 2019, he said. "We forecast that [growth] would be 70%, but now we see it could actually be manifold, and in the non-banking sector this growth in direct foreign investments may have been fourfold last year," Dmitriev said.

"Russia has achieved a very sustainable trend of increasing foreign direct investment in the future, as well," he said.