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The Russia-China Investment Fund (Russian: Российско-Китайский Инвестиционный Фонд, Chinese: 中俄投资基金), abbreviated as the RCIF (РКИФ), is a bilateral cooperation fund created by the Russian Direct Investment Fund and the China Investment Corporation to invest in opportunities linking Russia, the Commonwealth of Independent States, and China.
A Russia-China AI partnership could raise concerns over censorship, among other issues. Russian President Vladimir Putin continues seeking to expand his challenge of the West's order — this time ...
In June 2012, RDIF and China Investment Corporation (CIC) established the Russian-Chinese Investment Fund. [2] On 2 June 2016, President of the Russian Federation Vladimir Putin signed Federal Law on the Russian Direct Investment Fund changing the status of RDIF. According to the law, RDIF became the sovereign wealth fund of the Russian ...
At the BRICS leaders meeting in Saint Petersburg in September 2013, China committed $41 billion towards the pool; Brazil, India, and Russia $18 billion each; and South Africa $5 billion. China, which held the world's largest foreign exchange reserves and contributed the bulk of the currency pool, wanted a more significant managing role.
China and Russia have fostered more trade in yuan instead of the dollar in the wake of the Ukraine war, potentially shielding their economies from possible U.S. sanctions.
After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in international transactions and relied more on China’s yuan.
China and Russia do, however, differ on some policies. China does not recognize Russia's annexation of Crimea, [26]: 4 and Russia does not support China's claims in the South China Sea [citation needed]. Nevertheless, China and Russia currently enjoy the best relations they have had since the late 1950s.
In the first few months following Russian President Vladimir Putin’s invasion of Ukraine, we documented how the voluntary exits of over 1,000+ global companies from Russia (that we helped ...