Qatar Investment Authority allocates $2bn to Russian fund - Doha News:
"Amid ongoing tensions with the Ukraine and subsequently, the United States and European Union, Russia has been forging deeper business ties with Qatar, whose sovereign wealth fund has recently agreed to invest $2 billion there.
The Qatar Investment Authority (QIA), one of the world’s biggest wealth funds, has been increasingly focusing on emerging markets like Russia, China and India.
In this latest deal, the QIA is forging a joint development with state-backed private equity fund Russian Direct Investment Fund (RDIF). The news was confirmed by RDIF CEO Kirill Dmitriev at a meeting between Russian President Vladimir Putin and foreign investors, the Gulf Times reports.
The $10 billion fund works with international partners to invest in projects in Russia, with the aim of lowering some of the risk involved by the foreign companies as they are partnering with the state."
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