RDIF with partners from China will create a fund of 100 billion rubles for the development of the aviation industry

The Russian Direct Investment Fund (RDIF) together with Chinese partners will create a Civil Aviation Industry Development Fund with a volume of 100 billion rubles. for investments in aviation enterprises of both countries, the fund’s press service reported.

The fund will invest funds in national currencies and in equal amounts. In addition to investments in aviation enterprises, it is planned to invest in projects in the aerospace industry, digital and energy-efficient technologies and big data.

RDIF General Director Kirill Dmitriev believes that Russia and China have great potential to achieve a “significant synergistic effect” in the field of civil aviation production. According to him, through the fund, companies from the two countries will be able to attract investments to expand production and develop new technologies. “Also, the fund’s investments will help increase the supply of Russian civil aviation products to the Chinese market,” Dmitriev emphasized.

The announcement of the creation of the RDIF fund with partners from China took place against the backdrop of Russian President Vladimir Putin’s visit to Beijing. The 3rd International Forum “One Belt, One Road” is taking place in China on October 17-18.