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M/E and China SWFs eye Russian FDI

by Alastair Marsh, FT Tilt • More from this author

Sovereign wealth funds from Abu Dhabi and China, plus a host of private investment funds, are interested in partnering with the Kremlin in creating its planned $10bn foreign direct investment fund.

In a tête-à-tête with president Dmitry Medvedev on Tuesday, the chairman of Russia’s development bank Vnesheconombank, Vladimir Dmitriev, committed to a June deadline for launching the fund and said a number of international investors were interested in co-investing with the government.

Large private investment funds, sovereign wealth funds from Abu Dhabi and China (China Investment Corporation) and a host of private funds have all expressed an interest he told the president.

Russia’s FDI fund, which was first mooted earlier this Month, is to be set up to attract foreign investment in the country, a task some argue could be more difficult following the break-up of an alliance between BP and Rosneft:

Tête-à-tête:

Dmitry Medvedev and Vladimir Dmitriev

Source: www.president.rf

See also:
Medvedev eyes June launch for $10bn FDI fund – FT Tilt
Russia in $10bn move to tempt investors – FT

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