Russia and Serbia sign an Agreement on Cooperation

Russia and Serbia signed an Agreement on Cooperation between the Direct Investments Fund of the Russian Federation and the Development Agency of Serbia. The agreement was signed by Kirill Dmitriev, the Chief executive officer of RFID, and Rados Gazdic the Director of Development Agency of Serbia.

Russian Direct Investment Fund (RDIF) and the Development Agency of Serbia, signed an Agreement on cooperation. The parties will work together to identify attractive investment projects to strengthen bilateral ties and increase investment flows between Russia and Serbia. The corresponding agreement was officially signed today in the presence of Russian President Vladimir Putin and President of the Republic of Serbia, Aleksandar Vučić.

Chief executive officer of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, noted that Russian businesses have a great interest in investing in Serbia.

“We believe that RDIF’s interaction with Serbian partners can double the level of investment between our countries in the next five years. We are ready to realize the potential of strengthening investment cooperation between Russia and Serbia, including by attracting RDIF’s international partners to participate in joint projects between Russian and Serbian companies.”, Dmitriev said.

“This particular agreement between Development Agency of Serbia and Russian Direct Investment Fund for us represents important support to further development projects and investments in Serbia. Both of the countries will help and promote companies in the Republic of Serbia and in Russian Federation when it comes to the realization of investment projects”, said the Director of Development Agency of Serbia, Radoš Gazdić.

Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totalling more than 1.4 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. Further information can be found at www.rdif.ru.

Serbia and Russia on Thursday signed over 20 agreements, memorandums, accords and protocols on future cooperation. The documents were signed after a meeting of Serbian and Russian delegations headed by Presidents Aleksandar Vučić and Vladimir Putin, during the Russian leader’s visit to Serbia.