Just received this write up from a friend in Siberia (high ranking official - so I take it all with a gain of salt <GG> ) - interesting development if true and contradicts what was said at Davos.
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Meeting with the Director General of the Russian Direct Investment Fund Kirill Dmitriev
K.DMITRIEV: Would you, Vladimir Vladimirovich., Thank you for the support you have given Russian Direct Investment Fund, because without this support, it would be impossible to achieve the results that I wanted to tell you briefly.
Firstly, we have already raised more than $ 15 billion of the world's leading investors in mutual funds and actually build the strong partnerships with leading funds in the world. More such partnerships among sovereign funds.
Secondly, we have invested more than $ 7 billion in the Russian economy, of which 1 billion 200 million was invested in the Russian Direct Investment Fund, more than 6 billion - an investment of our partners.
Thus, the ratio of our foreign investment amounted to one in five. If we assume that those deals where foreigners have invested, and we helped them, but they have not invested, this ratio was one to ten. 90 percent of the borrowed funds - this is investors from Asia and the Middle East. There are long-term investors who want and plan to be strong and powerful Russian partners.
Two outputs implemented: one yield was 22 per cent per annum in the other - 33 percent per annum, that is, we show that the investment and the state, and our co-investors are multiplied, Russia shows good returns for investors.
Including through our operations Russia ranked third in the last year, as you know, to attract foreign investment.
VLADIMIR PUTIN: First place - the United States, the second - China (how much, 127?), And we - 97.
K.DMITRIEV: Yes, and therefore it is a jump from eighth to third place in just a year.
What is important, investors are still interested: 3.6 trillion dollars of investors 'arrived' at a meeting in St. Petersburg - and investors say that they act very strongly against the sanctions, because they see in the sanctions a very dangerous precedent for them own countries, for their own economies.
VLADIMIR PUTIN: So be it.
K.DMITRIEV: Yes. All long-term investors act against them.
Briefly about our investments. We invested, for example, in the Russian stock exchange billions of dollars and just two weeks ago and together with investors from nine countries participated in the placement of the package exchange in the future, ie 9 countries invested just recently.
Invested billion in the Far East in the past year. This year we are planning 2 billion to the Far East, including a focus on the agricultural sector. Actively developing investment with China, as you and we have committed.
During your last trip to China announced four new investments: it is logistics, tourism sector, mining in the Far East and the bridge between Russia and China, which is the first bridge between Russia and China. You announced the creation of the Russian-Chinese investment committee, and we plan to play a significant role in the financing of these projects.
Our big initiative now - it's an investment in outsourcing. We have invested several outsourcing companies, and we believe that if the state-owned company will allocate non-core assets and build on their base of more market players, then we would be willing to invest, foreigners would be willing to invest. Now we "Russian Railways" to announce and discuss some very important projects in this area. |
