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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Russian sovereign wealth fund, SBI to set up $2 bln investment fund

Posted on 02 January 2013

State Bank of India and the $10-billion Russian sovereign wealth fund, RDIF, on Monday signed a memorandum of understanding to set up a $2-billion consortium to promote direct investment. The pact was among the 10 deals, including defence, that were signed at the 13th annual India-Russia summit.
In a joint statement, Prime Minister Manmohan Singh and the visiting Russian President Vladimir Putin reviewed the progress made in key areas of co-operation including energy, trade, high technology and military-technical co-operation and noted that they shared common views on all the important issues of regional and international co-operation………………………………………..Full Article: Source


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