Russia and Japan to Create $902 Million Investment Fund

PHOTO by shirotie / Depositphotos

Japan and Russia are planning to create a joint investment fund to finance major Russian infrastructural projects. This was reported by TASS with reference to the Japanese business newspaper Nikkei.

It has become known that the volume of the investment fund will be around $902 million. It will be established through the joint forces of the Japan Bank for International Cooperation (JBIC) and the Russian Direct Investment Fund (RDIF).

It was also emphasised that the parties will have parity in the financial participation of the project.

The creation of the joint investment fund is scheduled for 2017.

Earlier, it was reported that Russia and Japan are planning to build a wind farm in the Far East.