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Russian Direct Investment Fund, global funds to attend meeting with Putin at SPIEF-2017

May 26, 14:33 UTC+3
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MOSCOW, May 26. /TASS/. Russian Direct Investment Fund (RDIF) and big international investment funds will participate in the meeting with President Vladimir Putin at the St. Petersburg International Economic Forum SPIEF-2017 this year, RDIF CEO Kirill Dmitriev said Friday.

"We’re going to have a traditional meeting [within SPIEF-2017 - TASS] of Russian President Vladimir Putin and heads of sovereign funds, including RDIF and our partners," he said, adding that "investors managing a total of $11.4 trillion will be present there."

The deals 

The CEO noted that the total volume investment of RDIF and partners in the transactions will exceed 100 bln rubles ($1.75 bln).

"We have a very busy program at the forum. We will announce about 10 investment deals at the forum, which is a lot," Dmitriev said. According to him, this proves that "investors are actively investing with us in the Russian economy."

All transactions will be targeted, aimed at developing Russian projects in such areas as transport and logistics infrastructure, agriculture, oilfield services, mining, healthcare, increasing the efficiency of state companies and real estate.

New agreements on partnerships with international funds are not planned at the forum, Dmitriev added.

Russia's economy 

The Russian Direct Investment Fund also sees revival of interest in the Russian economy from foreign investors: 

"We see that investments have significantly recovered, which is also related to the return of growth in Russia's economy, which we see already at about 2% this year," he said.

Dmitriev noted that the trust from foreign business in the Russian market is also rising due to the deal between the OPEC countries and outside the cartel, which will stabilize the oil market. "Of course, investors appreciate the very low level of inflation, and, accordingly, the very low unemployment rate in Russia - 5.4%," he said.

Dmitriev added that RDIF believes in the OPEC deal will stabilize world oil prices.

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