"Russia's state-backed private equity fund, the Russian Direct Investment Fund, and Abu Dhabi-based Mubadala Development Co are setting up a $2 billion fund to invest in projects in Russia, the parties said on Thursday.
Each side will contribute $1 billion and the fund will focus on investments in various industry sectors, they said.
The RDIF was created to give major foreign investors greater comfort in Russia's uncertain business environment and is investing with private equity, strategic investors and sovereign wealth funds."
'via Blog this'
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