Rus­sia gets $1b in deals through fund with China

China Daily (Canada) - - NEWSCAPSULE -

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.

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