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Russian investment fund attracted $15 billion from abroad

July 23, 2014, 15:03 UTC+3 NOVO-OGARYOVO
A total of 90% of all foreign investments came from Asia and the Middle East
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Russian Direct Investment Fund Director General Kirill Dmitriev (right) and Vladimir Putin

Russian Direct Investment Fund Director General Kirill Dmitriev (right) and Vladimir Putin

© ITAR-TASS/Mikhail Klimentyev

NOVO-OGARYOVO, July 23. /ITAR-TASS/. Russian Direct Investment Fund (RDIF) has attracted $15 billion to mutual funds from world’s major investors, RDIF Director General Kirill Dmitriev told Russian President Vladimir Putin.

“We have built very strong partnerships with world’s major funds, mostly sovereign funds,” said Dmitriev. “We have also invested more than $7 billion in the Russian economy, with $1.2 billion invested by the RDIF and more than $6 billion of our partners’ investments.”

Russian to foreign investments ratio was thus one to five, he added. “If we take into account the deals where foreigners invested with our assistance but no investment on our part, this would be one to ten. A total of 90% of all foreign investments came from Asia and the Middle East, where Russia has long-term investors “who want and plan to be Russia’s strong partners”.

Russia offered investors a good yield of 22-33% per annum, the RDIF chief added. Russia has thus risen from the eighth to third place on the foreign investment ranking, following the US and China.

“Investors are still interested - $3.6 trillion investments came to meet in St. Petersburg - and investors say they strongly oppose sanctions, which they see as a dangerous precedent for their own countries and for their own economies,” said Dmitriev.

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