NATO rejects media claims alliance unable of quick deploymentWorld October 21, 13:01
Russian senior diplomat: Moscow has 'no doubts' that Iran fulfilling JCPOA dealRussian Politics & Diplomacy October 21, 11:04
Monuments to Soviet troops in PolandWorld October 21, 10:57
Putin and Erdogan give positive assessment to joint efforts in Astana processWorld October 21, 3:03
Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
International balance of forces in Syria after Raqqa’s liberation unclear yet — expertMilitary & Defense October 20, 21:05
Russia to resume import of aubergines, pomegranates from Turkey since October 30Business & Economy October 20, 20:18
International station to orbit Moon at 70,000 km distance from EarthScience & Space October 20, 20:09
US indulging in lies to have UN-OPCW mission’s mandate extended — Foreign MinistryRussian Politics & Diplomacy October 20, 19:31
UFA, July 8. /TASS/ The Russian Direct Investment Fund (RDIF) has signed a memorandum of understanding with its partners in the BRICS member-states, the RDIF Director General Kirill Dmitriev said at the BRICS Business Council meeting in Ufa.
"We have signed a MOU with five funds from our five countries: the Russian Direct investment fund, the Silk Road Fund from China, the IDFC from India (infrastructure Development Finance Company) the Development Bank of South Africa as well as the Brazil BTG Pactual fund," he said
Dmitriev said the funds are forming together the Infrastructure Fund Initiative (IFI) to work with sovereign funds, with the Brics bank and invest in the equity of infrastructure projects. "The Brics bank will be doing a lot of debt providing, while the IFI will be investing in equity," he added.
"We specifically chose not to create a separate infrastructure fund, because we believe that the existing infrastructure funds of individual countries have the necessary competencies, we just need to improve coordination and mutual understanding," Dmitriev said.
The Initiative is already seeing practical negotiations on specific projects, Dmitriev added, highlighting cooperation with China and India.
"Russian energy and hydropower projects in India, infrastructure projects with the Silk Road Fund, including actively developing projects in the Far East, projects related to resources in South Africa, and their joint project with Russia in Brazil," Dmitriev told TASS.