Russia VTB

Russia and China forge investment links

At last week's VTB Capital investment forum in Moscow, Vladimir Putin pointed to the opportunities in Asia, while CIC boss Fan Kung Sheng described the beginning of a beautiful relationship.
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Vladimir Putin (right) with VTB Bank chairman and CEO Andrei Kostin (Ria Novosti) 
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<div style="text-align: left;"> Vladimir Putin (right) with VTB Bank chairman and CEO Andrei Kostin (Ria Novosti) </div>

The agreement between the sovereign wealth funds of China and Russia to create a joint investment venture was heralded last week at the third VTB Capital “Russia Calling” forum, held in Moscow.

Fan Kung Sheng, managing director of the China Investment Corporation CIC stressed that the four-year old sovereign wealth fund was increasingly looking to form long-term strategic joint ventures in emerging markets. Already, it had made investments in Russia, including a $100 million stake in VTB bank that he said was “the beginning of a beautiful relationship”.

Earlier this week, CIC agreed to invest $1 billion along with the Russian Direct Investment Fund, which will...

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