China’s CIC in Talks to Invest in Kremlin Equity Fund, VEB Says
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China Investment Corp., the country’s sovereign wealth fund, is in talks with Russian development bank VEB to invest in the Kremlin’s new private equity fund, VEB Chairman Vladimir Dmitriev said.
CIC “is ready to consider concrete projects as part of co-investent with the direct investment fund,” Dmitriev said in Astana, Kazakhstan, where leaders of Russia, China and other members of the Shanghai Cooperation Organization are meeting. “So far there is no talk about what sums they are ready to invest,” Dmitriev said.