26 Jan 2011 21:33

Russia to set up joint investment fund in nearest future - Medvedev

DAVOS. Jan 26 (Interfax) - A special sovereign fund to attract foreign investment to Russia will be set up in the very near future, Russian President Dmitry Medvedev said during his speech at the World Economic Forum in Davos on Wednesday.

"Very soon we will set up a special sovereign fund that will share risks with foreign investors through joint investment in projects to modernize our economy," Medvedev said.