Investing in Forestry, Energy Efficiency Among Priority Sectors for New Russia-China Fund

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  Igor Shuvalov, first deputy Prime Minister of Russia and Li Keqiang, executive vice-premier of the State Council of China, announced at the recent China-Russia Investment and Trade Forum that the two countries will be launching a joint Investment Fund in the summer of 2012. Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said in a press release that the Russia-China Fund is expected to receive initial capital in the amount of $4 billion. The China Investment Corporation (CIC) and the RDIF are to contribute $1 billion each, and the remaining $2 billion will come…

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