Russia,Turkey intend to set up investment fund
By Gunay Hasanova
Russia and Turkey intend to sign a memorandum on the establishment of a joint investment fund worth more than $1 billion on the sidelines of G-20 summit to be held in Hangzhou, China on September 4-5.
Head of the Russian Direct Investment Fund Kirill Dmitriev announced about this while talking to Russia 24 TV channel on September 2.
"We will hold important talks with Turkey at the G20 forum,” he said.
Earlier, Dmitriev said that the process of the joint investments of the Russian-Turkish fund may start in 2017.
Turkish Economy Minister Nihat Zeybekci previously said that Turkey and Russia may create an investment fund for financing of the Akkuyu Nuclear Power Plant (NPP) project.
Moreover, he noted that other joint projects can also be financed through this fund.
Turkey's Sovereign Wealth Fund will act as a partner in the joint investment fund establishment with the participation of the Russian Direct Investment Fund.
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