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Kremlin to create a $10bln fund to attract direct foreign investments to Russia

Direct Foreign Investments 


The Russian government plans to create a special $10bln fund for the purpose of attracting foreign investors into the country. The initiator of the idea was President Medvedev, who intends to transform Moscow into a modern global international financial center.

For this purpose, the Kremlin plans to create an advisory council that will include Wall Street pillars — Goldman Sachs CEO Lloyd Blankfein, Blackstone founder Steve Schwarzman, JPMorgan Chase CEO James Dimon and Bank of America CEO Bryan Monihan — as well as authoritative European financial organizations such as BNP Paribas and UniCredit.