This content is from:yabet官网

Abu Dhabi SWF To Invest In Russia Banks

Sovereign wealth fund Abu Dhabi Investment Authority may allocate $100 million for Russian regional banks.

    Sovereign wealth fundAbu Dhabi Investment Authoritymay allocate $100 million for Russian regional banks,Bloombergreports, citing《生意人报》. The investment will be made through a fund established by theInternational Finance Corporation(IFC) and Russian state-run development bankVEB. The fund may invest up to $1 billion.

    Korea Investment Corporationand Korea'sNational Pension Fundare also showing keen interest in the fund, addsThe Moscow Times. VEB and IFC may contribute $250 million each, while the finance ministry intends to further invest $50 million.

    Click here for the story fromBloomberg.

    Click here for additional coverage fromThe Moscow Times.

    Related Content