New Japan-Russia joint state fund lines up deals

Russia Direct Investment Fund and Japan Bank of International Cooperation will officially unveil the venture today. RDIF deputy CEO Konstantin Ryzhkov told FinanceAsia about its plans.
Relations are warming between Japan and Russia
Relations are warming between Japan and Russia

A landmark new venture by the state-backed Russia Direct Investment Fund RDIF and the Japan Bank of International Cooperation to be officially unveiled today  is analysing potential projects and hopes to make its first allocations early next year.

The fund will invest mainly in Russia to support Japanese companies in deploying capital and facilitating market access and bilateral trade. It will typically focus on deals of up to $100 million, but potentially also larger projects, said Konstantin Ryzhkov, a deputy CEO at RDIF. Moscow has presented a significant number of potential projects to Japan, of which RDIF is already analysing 15-20, he told FinanceAsia....

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