GCC investors in Russia wary as tensions and economy worsen | The National

GCC investors in Russia wary as tensions and economy worsen | The National:



"GCC investors in Russia are likely to tread cautiously amid a thorny mix of geopolitical tensions and a worsening economy.



Russia has generated pledges to invest billions of dollars in the past two years from investors from the bloc. Most recently, the Russian Direct Investment Fund (RDIF), set up by the president Vladimir Putin three years ago, signed a cooperation deal with the Bahraini sovereign wealth fund Mumtalakat Holding last week to pursue potential joint investment opportunities.



Such deals have appeared more risky as Russia’s economy has begun to spiral down and as tensions with neighbouring Ukraine escalate."



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