Russia gets $1b in deals through fund with China
The Russia-China Investment Fund has put about $1 billion into three infrastructure, tourism and logistics deals, and investing in agriculture and natural resources sectors will be next.
“China is Russia’s largest trading partner,” said Kirill Dmitriev, CEO of the Russian Direct Investment Fund.
“With deals in infrastructure, tourism and logistics made, we will pay attention to opportunities in sectors including agriculture and natural resources,” he said.
Together with China Investment Corp, the Russian Direct Investment Fund set up RCIF in 2012, a private equity fund in which both parties committed $1 billion each, with another $2 billion coming from additional Chinese institutional investors.
In addition to 70 percent of investment in Russia, 30 percent of the fund will go toward China.