The creation of Russian-Japanese Investment Fund will allow attracting up to USD 10 billion in Russia’s economy, Head of Russian Direct Investment Fund Kirill Dmitriev said to journalists, RIA News reports.
Previously, on Friday, Dmitriev reported that RDIF and the Japanese Bank for International Cooperation (JBIC) create the Russian-Japanese Investment Fund, amounting to USD 1 billion.
“One billion dollars, invested by our parties, will allow attracting up to USD 10 billion in Russia’s economy”, Dmitriev said.
He added that the leading Japanese companies and banks will cooperate with the fund.
“Currently we discuss more than 20 projects, the first of which we hope to implement in the nearest six months”, Dmitriv added.
Head of the Russian Fund emphasized that the creation of Russian-Japanese Fund will become the first instrument, which will allow JBIC to invest funds in equities.
“Only recently, Japan adopted the law, which allows JBIC not only to issue debt funding, but also to invest in equities. Therefore, we are their first instrument on investing in equities”, Head of JBIC said.
