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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

RDIF Funneling More Chinese, Middle Eastern Money Into Russia

Posted on 21 November 2014

The $10 billionRussian Direct Investment Fund is funneling more Chinese and Middle Eastern money into Russia’s ailing economy, partly compensating for a decline in Western-led activity in the face of geopolitical tensions.
Since its formation four years ago, the Russian state investment fund has invested $7.3 billion in Russia’s economy. It plans to continue at a similar pace with total annual investments of around $2 billion, of which up to a fifth will be marked for transactions abroad, Chief Executive Kirill Dmitriev said in an interview………………………………….Full Article: Source


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