OREANDA-NEWS.  February 1, 2012.  The Russian Direct Investment Fund (the RDIF) (the Fund’s managing company is a 100% Vnesheconombank’s subsidiary) jointly with the European Bank for Reconstruction and Development (the EBRD) purchased a stake in the united stock exchange MICEX-RTS in the amount of 6.29% and 1.25% respectively.

A decision by the EBRD and the RDIF to purchase a stake in the MICEX-RTS is a part of the long-term strategy for developing Russia’s market and boosting the stock exchange’s appeal and it also helps to create a competitive international financial center in Moscow.

This is the RDIF’s first transaction. The Fund was set up only six months ago. The Fund is designed to act as a co-investor of the largest direct investment funds, strategic and other financial investors thus contributing to raising foreign investments for Russia.