RDIF Chief Executive Officer Kirill Dmitriev participates in 25th session of the Foreign Investment Advisory Council

, 17.10.2011
Today Chief Executive Officer of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev participated in the 25th Plenary Session of the Foreign Investment Advisory Council, the body set up jointly by the Russian government and foreign businesses to assist Russia in forging and promoting a favorable investment climate. The meeting was chaired by Russian Prime Minister Vladimir Putin.

The Foreign Investment Advisory Council was established in 1994, is chaired by the Prime Minister and its membership includes the chief executives of 42 international companies that are major investors in the Russian economy.

“As the sixth largest economy in the world, Russia continues to attract major interest from the leading international investors,” said Kirill Dmitriev upon conclusion of today’s meeting. 

The RDIF was set up by the Russian government in June 2011 with planned capital of USD 10 billion. It will make equity investments in the Russian economy alongside co-investors. In September 2011 the International Advisory Board of RDIF was appointed, including the heads of the Chinese, Kuwaiti and Korean sovereign wealth funds as well as founders and CEOs of leading private equity firms Apollo, Blackstone, TPG, Apax, Warburg Pincus and Permira. On October 11 the RDIF announced its first co-investment commitment, with the China Investment Corporation committing USD 1 billion toward a new Russia-China Investment Fund.

About the Russian Direct Investment Fund (RDIF)
The Russian Direct Investment Fund was established in June 2011. The RDIF is expected to be capitalized with USD 10 billion in Russian government funds over the next five years and is charged with making equity investments that generate strong returns, primarily in Russia. In each investment it makes, the RDIF is required to secure co-investment that at minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy. Additional information is available at www.rdif.ru.

For additional informational, contact: 
Quinn Martin 
Tel +7 495 797 3790 
Mob +7 985 361 0369