January 22 (SeeNews) - The Russian Direct Investment Fund (RDIF) said it has signed a cooperation agreement with Serbia's Development Agency to increase the investment flows between the two countries.
The parties will work together to identify attractive investment projects to strengthen bilateral economic ties, RDIF said in a statement last week.
"Russian businesses have a strong interest in investing in Serbia. We believe that RDIF’s interaction with Serbian partners can double the level of investment between our countries in the next five years," the CEO of RDIF, Kirill Dmitriev, said. "We are ready to realize the potential of strengthening investment cooperation between Russia and Serbia, including by attracting RDIF’s international partners to participate in joint projects between Russian and Serbian companies."
The agreement was signed during the official visit of Russian president Vladimir Putin to Serbia on January 17.
RDIF is a Russian sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. The fund has established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 billion (35.2 million euro), according to data published by RDIF.
($ = 0.8811 euro)