RFIF will invest in various sectors and asset classes including equity and debt securities, infrastructure and real estate in Russia and France.
RDIF said the fund will have “a strong focus on opportunities promoting economic co-operation between the two countries and contributing to the growth and prosperity of both economies.”
The launch follows the signing of a memorandum of understanding between Russia and France in February this year.
RDIF CEO Kirill Dmitriev said, “Direct investment between France and Russia increased 10 per cent in 2012 and continues to grow in 2013. I am sure that the launch of the RFIF will accelerate this growth and take investment cooperation between Russia and France to a new level.”
RDIF also has a joint fund with China Investment Corp, which has recently acquired a 42 per cent stake in Russian forestry holding company RFP Group.
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