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.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.