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Saturday, 3 June 2017

We’re very open to foreign money, says Russia’s sovereign wealth fund chief

We’re very open to foreign money, says Russia’s sovereign wealth fund chief:

"Despite Russia's main MICEX stock exchange tumbling over 16 percent so far this year and significant oil price volatility, the country can offer investors attractive and stable returns in certain sectors, according to the head of Russia's sovereign wealth fund.

Pointing to the consumer sector as one example of a compelling investment area for foreigners, Kirill Dmitriev, chief executive officer (CEO) of the Russian Direct Investment Fund (RDIF) also highlighted a recent airport construction deal which brought together investors from several Middle Eastern countries and China.

"Infrastructure is a very stable investment … Russian infrastructure assets offer a very predictable, attractive return," claimed Dmitriev, speaking to CNBC from the St. Petersburg International Economic Forum (SPIEF) on Friday."



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