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Investment Lift approves $688.6 million in investment projects in Russia

Staff Writer |
Since the launch of the Investment Lift programme, its participants have reviewed 27 projects with total investment of approximately RUB 40 billion.

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This information was provided during a press conference at the Russian Investment Forum in Sochi.

The press conference was attended by CEO of the Russian Direct Investment Fund Kirill Dmitriev, CEO of the Russian Small and Medium Business Corporation Alexander Braverman, representatives of the Russian Export Center Group and the Industrial Development Fund, as well as other business representatives.

Five projects with a total value of over RUB 8 billion ($137.69 million) have been approved from the programme’s overall list as of February 2017.

Another ten projects are currently under consideration, including projects in the pharmaceuticals, machine-building, aircraft construction and manufacturing sectors, with a total value of RUB 13.115 billion.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said: "We see that the RDIF’s capabilities as a Russian sovereign fund that cooperates with leading global investors may be used not only to develop big Russian companies but also medium- and small-sized business with great potential for growth, including companies abroad.

"Through the consolidated effort of the four institutions participating in the Investment Lift programme, such companies are able to receive comprehensive support, both financial and non-financial, create new products, improve business efficiency and expand production when entering external markets.

"In the near future, the RDIF will announce new investments aimed at supporting leading companies in the Russian high-tech sector."

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