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Russian Direct Investment Fund: EU Companies Should Look to Russia to tap Growth Prospects
Russia's expected accession to the WTO will give a sizeable boost to the country's GDP growth rate, Mr. Dmitriev said. He expects industrial production to rise on increased international sales as Russia further integrates into the global economy.
Mr. Dmitriev said:
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Kirill Dmitriev will also participate in a meeting chaired by Russian President Dmitry Medvedev to discuss deepening cooperation between Russia and the EU in areas including trade and investment. He said:
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About the Russian Direct Investment Fund (RDIF)
The Russian Direct Investment Fund was established in
June 2011 . RDIF will be capitalized with USD 10 billion in Russian government funds over the next five years and is charged with making equity investments that generate strong returns, primarily in
Russia . In each investment it makes, RDIF is required to secure co-investment that at minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy. In
September 2011 the International Advisory Board of RDIF was appointed, including the heads of the Chinese, Kuwaiti and Korean sovereign wealth funds as well as founders and CEOs of leading private equity firms Apollo, Blackstone, TPG, Apax, Warburg Pincus and Permira. Additional information is available at http://www.rdif.ru.