Moscow, 30 October, 2014 – The CEO of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, today attended the regular meeting of the Investment Council under the Chairman of the Russian State Duma. During the meeting, members of the Council approved a proposal to develop a system of state support for exports and continue working on development of targeted regulation.
Those present at the meeting stressed the importance of supporting Russian exporters of goods and technologies to stimulate economic growth in the country, as well as to create and successfully operate certain economic zones and priority development areas. Improving the efficiency of existing government mechanisms will contribute to increasing exports of high value-added Russian goods and is a step towards the Russian President’s target of achieving annual sustainable growth of at least 6% in non-commodity exports.
Kirill Dmitriev, CEO of RDIF and Deputy Chairman of the Investment Council under the Chairman of the State Duma, said:
“One of the RDIF’s key strategies is to invest in the export potential of the Russian economy. Joint investments with high profile international partners are aimed at increasing the share of high-tech goods that Russia can offer as exports and also at fostering the creation of world-class products. Improving the quality of transport and logistics infrastructure should act as an additional stimulus developing Russian exports.”
The Investment Council was established in 2012 by the Chairman of the Russian State Duma to increase investment activity in the Russian economy. Meetings are designed to develop recommendations for improving existing legislation that will stimulate both investment supply and demand.
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Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity co-investments primarily in Russia alongside reputable international financial and strategic investors. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information is available at www.rdif.ru
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