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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.
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 ...
The multipolar [4] grouping [5] [6] evolved diplomatically, [7] geopolitically [8] and geoeconomically, [8] with their governments meeting annually at formal summits and coordinating multilateral policies since the founding countries of Brazil, Russia, India, and China held the first leaders summit in Russia in 2009 under the name BRIC.
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 ...
The China-Eurasia Economic Cooperation Fund (CEECF) is a Chinese state-backed investment fund created to invest in projects in One Belt, One Road countries. Investments [ edit ]
Russia-China trade via the Arctic Ocean’s Northern Sea Route between Europe and Asia is also on the rise. At least 11 ships transported Russian crude oil to China via the route in 2023; in 2022 ...
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 December 2019, Mail.ru Group formed a partnership with Sberbank to develop the food and transportation service O2O. [30] In 2020 the state Russian Direct Investment Fund, China's Tencent, Naspers, and others bought $600 million of GDRs and bonds from Mail.ru. The funds were raised for the development of O2O and AliExpress Russia. [31]