Japanese Conglomerate Mitsui Invests in Cotton Way
The Russian Direct Investment Fund (RDIF) in 2013 formed the Russia-Japan Investment Platform with Vnesheconombank (VEB) and the Japan Bank for International Cooperation (JBIC). The genesis of creating the platform was to promote investment of Japanese companies in Russia. The deal included the RDIF and the JBIC to each invest US$ 500 million in the platform. The signing took place during Japanese Prime Minster Shinzo Abe’s visit to Russia in 2013.
On February 6, 2014, Japan-based Mitsui & Co., Ltd. joined the RDIF as an investor in Cotton Way. This follows a major investment in Cotton Way by the RDIF and European Bank for Reconstruction and Development (EBRD).
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