Foreign money attracted to Russia – sovereign wealth fund chief

View the original article:

Russia continues to attract foreign investors as a result of the growth the country is demonstrating; said the CEO of Russian Direct Investment Fund (RDIF) Kirill Dmitriev in an exclusive interview with RT.

According to Dmitriev, investors are very pleased with Russia’s stable macroeconomic performance.

Dmitriev praised President Putin’s “tremendous job in inviting foreign investors to participate in different sectors of the Russian economy.”

He said all those positive factors led to an unprecedented meeting of the heads of top sovereign funds from Asia, North America, and elsewhere, at the St. Petersburg International Economic Forum.

The head of Russia’s sovereign wealth fund said that during the meeting Putin talked about infrastructure and the possibility of Russia becoming a vital logistical hub between Asia and Europe.

Read more

Russia's opportunity for growth is what appeals to investors - Deloitte

The participants discussed a lot of ideas for investing, such as the creation of a joint fund between Russia and China which would enable to invest in Chinese currency in Russia.

He added that much more Chinese investment is expected during the Chinese President’s visit to Russia in July.

“We expect several billion dollars of additional investment within the next three months,” he said.

Talking about Western sanctions, Dmitriev stated that they “really do not matter anymore” and Russia has a lot of joint investment projects with Europe, including with Italian and French companies.

Sanctions do not prohibit co-investment, and the sides are cooperating actively, according to the official.

“We believe that Russia proved that it can live with sanctions, become stronger and much more efficient. Russian agricultural enterprises became the most efficient in the world, and we will grow with or without sanctions,” said Dmitriev.

In the same category are

Man sets himself ablaze in Warsaw in apparent protest against ruling party A man set himself alight in front of Palace of Culture in Warsaw on Thursday in an apparent bid to send a political message to the ruling conservative...
US envoy to UN ratchets up anti-Russian rhetoric: ‘election meddling’ was warfare The US ambassador to the UN, Nikki Haley, has raised the stakes in Washington's war of words against Russia, describing its unproven “meddling” in the...
McCain threatens White House with subpoena for info on Niger attacks Senator John McCain (R-Arizona) says that he will subpoena the White House for information regarding the recent attacks in Niger, which killed four US...
Anti-Russia ‘propaganda’ group urges reporter to drop story on CIA arming Syrian rebels Published time: 20 Oct, 2017 03:54 A group that claims to be fighting against Russian propaganda and “fake news” is asking a reporter not to pursue in...
Pollution killed 9mn people in a year, 2.5mn in India – study Published time: 20 Oct, 2017 03:56 Deaths caused by pollution topped 9 million in 2015, or three times the figure from AIDS, tuberculosis and malaria ...
‘New blood’ or progressive purge? Democrats reshuffle party posts The leadership at the Democratic National Committee carried out an extensive staff purge ahead of their fall meeting in Las Vegas, creating alarm on t...

Dont forget to “Like” us on Facebook

Need something to share, visit our sister site for the

‘News in the last 30 days”

in a clear concise package ….


If you are an artist or interested in art, visit our art website and read about todays artscene and browse some of our artist profiles


Comment on this story