RDIF and Sovcombank arranged a visit of a Russian business mission to Argentina

Press release, 08.12.2021

Moscow, December 8, 2021 – The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) and the Fund’s portfolio company, Sovcombank, have arranged a business mission to Argentina. Representatives of major Russian companies are participating in the mission.

As part of the business mission, a meeting with President of Argentina Alberto Fernández took place as well as with ministers of economy, health, agriculture, productive development and foreign affairs.

The meetings between business community of Russia and Argentina are dedicated to strengthening bilateral cooperation and discussing potential joint projects in several areas including healthcare, agriculture, finance, transport, etc. On the Russian side, representatives of the leading IT, banking, mining, optical industry, renewables and other companies are participating.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“Russian business mission to Argentina is aimed at giving a boost to business ties and developing projects that are of considerable interest to our countries. Russia and Argentina share a successful track record in the joint fight against coronavirus through supplies and local production of Sputnik V vaccine. Our common task is to look beyond the pandemic, strengthening trade and investment in existing and promising areas.”

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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
Russian Direct Investment Fund
Director for External Communications

Mobile: +7 915 312 76 65
E-mail: Alexey.Urazov@rdif.ru

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler

Tel: +44 (0) 20 7796 4133