RDIF seeks deal on $1 bln invest fund with Turkey at G20 summit

MOSCOW, Sep 2 (PRIME) -- The Russian Direct Investment Fund (RDIF) plans to sign a memorandum on creation of a U.S. $1 billion investment fund with Turkey at the upcoming G20 summit on Sunday–September 5, CEO Kirill Dmitriev told Rossiya 24 television channel on Friday.

“We will have very important talks with Turkey (at the G20 summit), as you know we have decided to create a joint Russian–Turkish investment fund. And the Turkish fund is being created almost like an analogue of the RDIF, we’ve helped Turkey in discussion of creation of the fund, and the Turkish fund was set up just a week ago. We will sign a memorandum that we are creating a joint Russian–Turkish fund. The sum will be over $1 billion,” he said.

Dmitriev said on Thursday that the joint fund could finance first projects in 2017.

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