The Chinese / Russian high tech investment

The Russia-China Investment Fund (RCIF) and China’s Tus-Holdings on Tuesday announced joint investment plans focusing on developing technology, which would see 1.28 Billion USD invested in the Russian Tushino Project Technology Park.

RCIF said in a statement that the two groups were considering building a Sino-Russian high-tech innovation park with more than 100 Million USD investment and had launched a Russia-China venture fund with capital of 100 Million USD.

“Together with partners from China, we will be able to achieve breakthroughs in the area of advanced technologies and facilitate their early implementation,” said Kirill Dmitriev, Co-CEO of RCIF.