Russia, Japan to Create Venture Fund

The Russian Direct Investment Fund plans to set up a venture fund in cooperation with Japan, Chief Executive of RDIF Kirill Dmitriev said on the sidelines of the APEC forum in Peru, Tass reported. “China and we have recently announced establishment of a venture fund and a similar venture fund is planned to be set up jointly with Japan. The decision has already been made. We will announce it during the visit of the President Vladimir Putin to Japan in December,” Dmitriev said. Establishment of the Russian-Japanese venture fund is conditioned by high interest of investors from Japan to joint projects in the high technologies sphere, Dmitriev said.