RDIF and IATA to develop technological solutions for airline passengers to meet COVID-19 travel requirements

Press release, 26.02.2021

Moscow, February 26, 2021 – The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) announces an agreement with the International Air Transport Association (IATA) to cooperate on projects aimed at creating technological solutions for the recovery of international air travel.

IATA is currently developing IATA Travel Pass, a mobile app to help passengers easily and securely manage their travel in line with government health status requirements. RDIF is carrying out a feasibility study of a digital technology project that would enable use of the Russian testing results and other key medical data in international travel.

The partnership between RDIF and IATA is aimed at developing digital tools that would contribute to safe travel and help passengers comply with the health measures required by destination countries.

Valery Doronin, Director of the Russian Direct Investment Fund, said:

“Global standards of airline safety have seen major changes since the outbreak of the pandemic. Implementation of advanced digital technologies jointly with IATA will contribute to passenger safety by reducing the time necessary for airport procedures without compromising on regulatory requirements. This will have a positive impact on the air transportation segment and make an important contribution to returning to normal life soon”.

Rafael Schvartzman, IATA Regional Vice President, Europe, said:

“Aviation has all but ground to a halt due the effects of the COVID-19 crisis. Restarting the industry safely is in everyone’s interest from passengers to governments and economies. We are delighted to partner with the Russian Direct Investment Fund to explore how technology such as IATA Travel Pass can help to simplify and digitally transmit passenger health status requirements, in a secure and efficient manner to get people traveling again.”

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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling more than RUB2 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at rdif.ru

For additional information contact:

Alexey Urazov                                                 Andrew Leach / Maria Shiryaevskaya
Russian Direct Investment Fund                                 Hudson Sandler
Director for External Communications               Tel: +44 (0) 20 7796 4133 
Mobile: +7 915 312 76 65                         
E-mail: Alexey.Urazov@rdif.ru