Arab, Korean Funds May Invest in Russian Banks, Kommersant Says
The Abu Dhabi Investment Authority may invest $100 million in Russian regional banks through a fund set up by the International Finance Corp. and VEB, Russia’s state-run development bank, Kommersant reported.
Investment funds from South Korea have also expressed interest in the fund, which may invest as much as $1 billion, the newspaper reported, citing documents prepared for VEB’s supervisory board.
No date has been set for the board’s next meeting, Kommersant said.
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