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What Sanctions? - Russia, France to Sign Deal Worth Over $100 Million

The two countries are now considering over 10 joint investment projects

MORE: Business

Russian Direct Investment Fund (RDIF) and France’s CDC International Capital expect to reach their first deal worth over $108 million in mid-March, RDIF's chief said Monday.

MOSCOW (Sputnik) – Earlier in the day, the Russian fund said the two countries were considering more than 10 investment projects totaling over $1.1 billion in sectors such as consumer goods, machinery, food, tourism and retail.

"…We hope to finalize the first deal in the next 1.5 months. Moreover, we have already agreed on the key parameters of the first joint deal," Kirill Dmitriev told reporters on the sidelines of the Russian-French Economic, Financial, Industrial and Trade Council session in Moscow.

The RDIF head added that they sought to use the deal to revive relations with France amid sanctions imposed by the European Union on Russia in 2014 over its alleged interference in Ukraine’s internal affairs.

 


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