Russia And China Launch New Joint Tech Investment Fund

L-R:  Russia's President Vladimir Putin - China's President Xi Jinping 

The Russia-China Investment Fund (RCIF) and China’s Tus-Holdings on Tuesday announced joint investment plans focusing on developing technology.

This would see $1.28 billion invested in the Russian Tushino Project Technology Park.

RCIF said in a statement that the two groups were considering building a Sino-Russian high-tech innovation park with more than $100 million investment and had launched a Russia-China venture fund with capital of $100 million.

“Together with partners from China, we will be able to achieve breakthroughs in the area of advanced technologies and facilitate their early implementation,” said Kirill Dmitriev, Co-CEO of RCIF.





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