Support The Moscow Times!

Kremlin Fund in Talks

NEW YORK — The private equity fund being set up by President Dmitry Medvedev is in talks with a Chinese group about making joint investments, details of which may be announced in October, Kirill Dmitriyev, head of the Russia Direct Investment Fund, said in an interview Thursday.

"Everybody understands that Russia needs to compete for foreign capital. It needs to be attractive for foreign capital, and it needs to be a better communicator," Dmitriyev said.

The fund is in talks with a European pharmaceutical company and a sovereign wealth fund about a potential $1 billion investment, he said.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more