Baku, Azerbaijan, Sept. 2
Trend:
Russia and Turkey intend to sign a memorandum on the establishment of a joint investment fund worth more than $1 billion on the sidelines of G-20 summit, to be held in Hangzhou, China September 4-5, Kirill Dmitriev, head of the Russian Direct Investment Fund, said in an interview with Russia 24 TV channel, TASS agency reported Sept. 2.
"We will hold important talks with Turkey at the G20 forum,” he said.
Earlier, Dmitriev said that the process of the joint investments of the Russian-Turkish fund may start in 2017.
Nihat Zeybekchi, Turkish economy minister, said at the negotiations on July 26 that the Russian-Turkish investment fund will also finance a variety of projects in third countries.
Turkey's Sovereign Wealth Fund will act as a partner in the joint investment fund establishment with the participation of the Russian Direct Investment Fund.
