7 Jun 2019 17:15

Russia needs several funds like RDIF - Yevtushenkov

ST. PETERSBURG. June 7 (Interfax) - Russian needs more investment funds like the Russian Direct Investment Fund (RDIF), according to AFK Sistema's primary owner Vladimir Yevtushenkov.

"What's bad is that there's one such fund in Russia, and choice is narrowing to the dimensions of the RDIF," Yevtushenkov said during televised debates at the St. Petersburg International Economic Forum (SPIEF).

He said his company's cooperation with the RDIF is positive. "Cooperation between the fund and Russian companies has an algorithm clearly defined by numbers. Now it would be good if Kirill threw together some competitors, created another two or three such funds," Yevtushenkov said.

Sistema and the RDIF are discussing 10 projects, including one on drone production, RDIF head Kirill Dmitriev said.

At last year's St. Petersburg International Economic Forum (SPIEF), Yevtushenkov advised the RDIF and Dmitriev himself to "take more risks" and help Russian companies enter global markets.