Russian Direct Investment Fund could get up to $2 bln from National Wealth Fund - sources
MOSCOW. July 9 (Interfax) - The Russian Finance Ministry has drafted an order for the government to recapitalize the Russian Direct Investment Fund (RDIF) by up to 143 billion rubles or $2 billion at the current rate from the National Wealth Fund (NWF), sources familiar with discussion of the issue told Interfax.
The sources said there were plans for the Finance Ministry, VEB and RDIF to sign an agreement calling for NWF money to be invested in Russian Direct Investment Fund Closed Mutual Fund units.
Recapitalizing the RDIF is mentioned in an instruction by Russian President Vladimir Putin on June 5, when he met with Kirill Dmitriev, the RDIF chief; and order of First Deputy Prime Minister Andrei Belousov dated June 11, one of the sources said.
The MinFin and RDIF declined to comment.
