Press review: Trump terrifies Western elites and Alibaba eyes partnership with SberbankPress Review January 18, 13:00
Kremlin knows nothing about Snowden’s intentionsRussian Politics & Diplomacy January 18, 12:50
Russian lawmaker: McCain confirms US recognizes Russia’s growing world roleRussian Politics & Diplomacy January 18, 12:42
Kremlin: Issue on Crimea status not matter of discussion for MoscowRussian Politics & Diplomacy January 18, 12:31
Russia views Austria’s OSCE chairmanship program as pragmaticRussian Politics & Diplomacy January 18, 12:16
New movie marks return of Russian cinema to India’s silver screens after 25-year hiatusSociety & Culture January 18, 12:09
Senator says Russia should not abide by ECHR ruling on adoption ban for USRussian Politics & Diplomacy January 18, 12:00
Stunning Miss Universe 2017 candidatesSociety & Culture January 18, 11:46
Chinese Foreign Ministry: Beijing ready to boost cooperation with MoscowWorld January 18, 11:11
MOSCOW, September 13. /TASS/. The Russian-Turkish investment fund worth $1 billion, to engage in providing loans to joint projects in priority spheres, may start work in 2017, Kirill Dmitriyev, the general director of the Russian Direct Investment Fund (RDIF), representing Russia in the joint project, told the Izvestia daily.
"The RDIF is already considering projects worth $300 million to be discussed within the framework of the Russian-Turksih investment fund in such sectors as agriculture, healthcare, tourism, infrastructure," Dmitriyev said.
"The RDIF has already established about 20 country partnerships, worth several hundred million dollars to several billion dollars each. The fund’s target size is set at $1 billion," he said.
Russian Economic Development Minister Alexey Ulyukayev said September 4 in China’s Hangzhou that work to establish a Russian-Turkish investment fund is being completed.
"In late August, Turkey adopted the required legislative changes, a relevant partner of our Russian Direct Investment Fund has been created. Now our colleagues are working on the expert level. I think in October-November we will have a list of projects… to start working in those spheres," Ulyukayev said.
Earlier, Turkish Economy Minister Nihat Zeybekci said the Russian-Turkish investment fund will finance various projects, including in third countries.