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Russian direct investment fund will make its first transaction within 6-9 months.

 

Russian direct investment fund (RDIF) will make its first transaction within 6-9 months according to the press-service fund. Russian President Dmitry Medvedev has officially announced the start of the fund during an international economic forum at the St. Petersburg.

The fund’s aim is to invest into fast growing sectors of the economy and will be functioning during the next five years. Russian government has put 10 billion of dollars into this fund. Each fund project will have a co-investor from leading investment funds or sector companies.

The Fund Management Company is incorporated on June 1st in a form of 100% subsidiary division of Vnesheconombank.

The supervisory board under the chairmanship of Prime Minister Vladimir Putin approved the creation of RFDI on April 21st 2011. General Fund Director has been appointed Kirill Dmitriev.

17 June 2011
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