New Kremlin-Connected Fund Searching for Investors

New Kremlin-Connected Fund Searching for InvestorsBank of Russia sets up a direct investment fund headed by an ex-banker of Goldman Sachs Kirill Dmitriev and promoted by our Prime Minister Vladimir Putin.

Russia plans to place $10B in the fund - $2B annually within 5 years. The money will come from Vnesheconombank. The bank’s share in investments won’t exceed 50%, which means that Western investors will keep the control in their hands.