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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

RDIF toddling along with $620mln invested

Posted on 20 June 2013

Two years after being born during the 2011 St. Petersburg International Economic Forum, Russia’s state owned fund for attracting foreign investment has hammered out five key partnership agreements with both private and government run global peers.
It has put $620 million of its own funds into key projects and convinced partners to cough up another $2 billion. A brainchild of then-President Dmitry Medvedev, the Russia Direct Investment Fund, or RDIF, operates as a subsidiary of Vneshekonombank and has been allocated $10 billion of government money………………………………………..Full Article: Source


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