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Kyrgyzstan sets deadline for US withdrawal from airbase

Kuwait to spend $500 million on Russian investment projects

Published time: June 22, 2012 10:37
Edited time: June 22, 2012 17:04
Flags with the symbol of the St. Petersburg International Economic Forum in front of one of the buildings at the exhibition complex "Lenexpo" in St. Petersburg. (RIA Novosti/Alexey Danichev)

The Russian Direct Investment Fund has signed a co-investment deal with a major Kuwaiti investment body which will see the Arab country bringing in $500 million alongside the RDIF into Russian companies.

­The move was announced by the Gulf state fund’s CEO and Managing Director Bader Mohammed Al-Saad in a meeting with President Vladimir Putin. 

“Russia's economy will continue to grow faster than those of developed countries. Co-investing with the RDIF offers us a good opportunity to invest in the real economy and gain diversification across all sectors,” Al-Saad said. “This is not a short-term investment in the stock market prone to volatility; it is an excellent and fair partnership with the RDIF and there is Russian government support for this partnership”.

RDIF was set up last year to encourage foreign investors to match state investments in Russian assets and is managed by Vnesheconombank.

Kirill Dmitriev, CEO of the RDIF, added: "Automatic co-investment by the Kuwait Investment Authority, one of the largest and most respected investors globally, significantly increases the funds the RDIF can invest in the Russian economy. We are delighted to be announcing a major co-investment with a leading fund from the Middle East, the second for the RDIF, as historically that region of the world has not been well represented among foreign investors in Russia." 

The RDIF also said in a statement it had launched a pre-IPO investment programme with Goldman Sachs, Blackrock and Franklin Templeton aimed at firms seeking to float on Russia's MICEX-RTS index.

The head of the presidential administration Sergei Ivanov said the US-based BlackRock global investment fund, which manages $3.3 trillion in assets, intends to invest in several Russian companies that will go public through initial public offerings.

“The Blackrock and Kuwaiti fund, believe that our policy is transparent and stable. The Kuwaiti fund is the respected, oldest and trusted in the world, for the first time in its history gave the Russian Direct Fund $500 million saying you can use this money for any project of our own and invest inside Russia. Those projects are not related to natural resources, it is trade, retail, logistics, and a very good sign for investors,” Ivanov said.

Comments (3)

wesley (unregistered) 24.06.2012 08:11

Kuwait way to say RUssia HELP!!!!!! (unregistered) wrote in #2


C ontrary with brainless wesley. who think US and main NATO axis UK-FR do not blackmail countries to NOT do business with their competition in this case Russia. This move only shows Kuwait is afraid of US presence in their land ,literary US can remove Kuwait president as they did many times before in central america by a small bribe to their generals and no invasion needed seen already their army is  there.  So its is take this money or die. This move only shows we will see more RUssia vs US conflict of interest in the middle east and Syria for sure will not be the last.. Lebanon,Iran and perhaps now kuwait could be the next. Unfortunately for kuwait they did a huge mistake by hosting a foreign country base ,that could turn against them at any time..in their own back yard. Another "Uprising"  on the way quite possible with accusations of ordering fire on civilians .thats very classic operating way of the US to get rid of a president.. Same happened in venezuela uprising in 2002 and Chavez was falsely accused of attacking civilians. You are stupid you don't even know history. Kuwait is a freed country to do what it likes. Kuwait wants to help Russia out, that is fine. Russia needs all the help it can get. If NATO is blackmailing countries...THEN WHY IS KUWAIT GIVING MONEY TO RUSSIA FOR A BUSINESS DEAL. Did you (or can you?) even read the headline? "Kuwait to SPEND $500 mill...." Your argument does not even make sense. So go back to your brainwashing that you don't even realize is going on. Believe it or not, the world is evolving from throwing stones. Business will be the deciding factor who will prosper. 

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Kuwait way to say RUssia HELP!!!!!! (unregistered) 23.06.2012 16:19



Contrary with brainless wesley. who think US and main NATO axis UK-FR do not blackmail countries to NOT do business with their competition in this case Russia. This move only shows Kuwait is afraid of US presence in their land ,literary US can remove Kuwait president as they did many times before in central america by a small bribe to their generals and no invasion needed seen already their army is  there.  So its is take this money or die. This move only shows we will see more RUssia vs US conflict of interest in the middle east and Syria for sure will not be the last.. Lebanon,Iran and perhaps now kuwait could be the next. Unfortunately for kuwait they did a huge mistake by hosting a foreign country base ,that could turn against them at any time..in their own back yard. Another "Uprising"  on the way quite possible with accusations of ordering fire on civilians .thats very classic operating way of the US to get rid of a president.. Same happened in venezuela uprising in 2002 and Chavez was falsely accused of attacking civilians.

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wesley (unregistered) 23.06.2012 04:43

This can't be according to most people commenting on this web site. Kuwait is an occupied territory by the U.S. The U.S. would never allow a business deal with Russia because they are the enemy.. If you did not catch my sarcasim, well, you're a little slow. This is more proof NATO and the U.S. are NOT out for world domination. Kuwait was freed by the U.S. and they can do business with whoever they like. So, you delusional extremists crawl back into your hole because your opinion means little and explains why you probably live in a mud hut.

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