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“The fund is well positioned to lead the way in the revitalization of key infrastructure in Russia, Kazakhstan, Ukraine and other CIS countries” Stephen Jennings, Renaissance Group |
Russia’s state development bank, Vneshekonombank, has become the cornerstone investor in the first private-sector infrastructure fund targeting projects in Russia and the Commonwealth of Independent States. VEB is committing $200 million to the Macquarie Renaissance Infrastructure Fund. MRIF is a joint venture between Russian investment bank Renaissance Group and Australia’s Macquarie Group.
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