The New Russia-China Investment Fund
In the past few years, China and Russia have increasingly been improving bilateral economic ties. The China Investment Corporation (CIC) is making its presence known in Russia. CIC has already invested in a number of small scale investments in Russia and around Central Asia. They purchased a stake in Russia’s VTB Bank for US$ 100 million. The CIC is moving forward to invest US$ 1 billion with the Russian Direct Investment Fund (RDIF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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