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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

China rides to Russia’s rescue with investment plan

Posted on 16 May 2014

Russia’s sovereign wealth fund is set to announce a series of new deals with China next week, reflecting the increased importance that Chinese investment will hold in the Russian economy as Western capital flees the country.
Russian Direct Investment Fund will announce the four investments including one each in infrastructure, real estate and minerals at the St Petersburg International Economic Forum. The investments will be made through the Russia-China Investment Fund, a vehicle set up with the China Investment Corporation in 2012. The fund was set up with $1bn commitments apiece from the Chinese and Russian sovereign funds, and it is understood that to date, roughly 10% of that capital has been deployed, through a $200m investment in Russia Forest Products, a forestry company in Siberia. It has the potential to reach $4bn………………………………………..Full Article: Source


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