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Russian Direct Investment Fund plans deal with Turkey on agriculture

August 09, 2016, 16:56 UTC+3 MOSCOW

A memorandum is expected to be sifned on August 9

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MOSCOW, August 9. /TASS/. The Russian Direct Investment Fund (RDIF) plans to sign a memorandum on cooperation in the agriculture sector with a Turkish company, CEO Kirill Dmitriev said in an interview aired by the Rossiya-24 TV news channel on Tuesday.

"We’re in talks with a company that is willing to jointly invest in Russia’s agricultural sector, and we’re also planning to sign a memorandum later today," he said, adding that the two companies see "a serious interest of biggest Turkish companies to investing in Russia."

According to Dmitriev, the two countries may invest "hundreds of millions of dollars" in joint investment project within one year, and "up to one billion dollars" within two years.

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