| Major private equity and sovereign wealth funds on Thursday took tentative first steps to invest in Russia, praising efforts to break the economy's fixation on energy and become a more diversified, open and less risky place to invest.
At a forum used by President Vladimir Putin to court foreign capital, sovereign wealth fund the Kuwait Investment Authority said it struck a $500 million deal to invest alongside the $10 billion state-backed Russian Direct Investment Fund (RDIF)...............................................Full Article: Source |