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ST. PETERSBURG, November 7. /TASS/. Russia-China Investment Fund (RCIF) and Chinese company Tus-Holdings agreed to establish a joint Russia-China Venture Fund (RCVF), according to RCIF press release published on Monday.
The agreement was signed on Monday during the session of the Russia-China Business Advisory Committee.
The Russia-China Venture Fund target size will total up to $100 mln and could be increased later. RCIF and Tus-Holdings will act as anchor investors, other Russian and Chinese institutional investors are likely to participate.