RDIF CEO Kirill Dmitriev Discusses Investment in Russia at APEC Summit
Vladivostok, September 6, 2012 – Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF) today took part in a panel discussion entitled "Invest in Russia", which was held at the Asia-Pacific Economic Cooperation (APEC) Summit.
Mr. Dmitriev spoke about the ways to attract investment into Russia from the other APEC countries. In his comments during the discussion he focused on the Russia-China Investment Fund (RCIF), a newly created fund established jointly by the RDIF and the China Investment Corporation (CIC).
Mr. Dmitriev said: “In a short space of time we have already achieved a lot. We have begun work with our Chinese partners, established priorities and plans, and in the near future we will be able to announce the Fund’s first transactions. The Russia-China Investment Fund has become a real example of effective cooperation among APEC economies.”
Mr. Dmitriev also touched on the kinds of opportunities and projects that are of most interest to potential investors willing to invest in Russia: “The Far East region is one of the most attractive for investors because of, among other things, its unique geographic location and its highly developed infrastructure.”
Other leading official and business figures also participated in the panel discussion “Invest in Russia”. These included: Governor of the Primorsky Territory, Vladimir Miklushevsky; Managing partner for the CIS at Ernst & Young, Karl Johansson; President of the Chamber of Commerce of Russia, Sergey Katyrin; the Special Representative of the President of the Russian Federation on Entrepreneurship, Boris Titov; and the CEO of the Far East and Baikal Regional Development Fund, Gennady Alekseev.
During a discussion of research carried out by Ernst & Young about investment opportunities in Russia entitled, “Growth Potential”, it was also revealed that the RDIF and Ernst & Young has launched a joint study on the structure of capital inflows and outflows in the Russian economy.
Russian Direct Investment Fund (RDIF), established in June 2011, is to be capitalized with $10 billion in Russian government funds to make equity investments that generate strong returns. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.
The Asia-Pacific Economic Cooperation Forum (APEC), is an international organization of 21 economies in the Pacific Rim (Australia, Brunei, Vietnam, Hong Kong [Special Administrative Region of China], Canada, People's Republic of China (PRC), Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Thailand, Taiwan, Chile, the Philippines, South Korea and Japan). The 24th APEC Leaders Meeting will be held on Russky Island in Vladivostok between September 2nd and 9th.
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