10.08.2016 - Russian sovereign wealth fund looks to invest in Turkey
Russia's multi-billion dollar sovereign wealth fund has announced it is ready to take part in a Turkish-Russian joint investment fund, just hours before presidents of the two countries meet in St. Petersburg. The state-run Russian Direct Investment Fund (RDIF), which has $10 billion of reserved capital under management, said in a statement on Tuesday it expects to sign a joint investment deal with a leading Turkish holding company during Turkish President Recep Tayyip Erdogan visit to Russia. Erdo?an met his Russian counterpart Vladimir Putin, in the Russian city of St. Petersburg, for the first time since ties between the two countries deteriorated following the downing of a Russian jet near the Syrian border last November...............................................Full Article: Source
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