RDIF, Russia’s sovereign wealth fund, and the Foundation of the International Medical Cluster (IMC Foundation, established by the Government of Moscow) announce a partnership aimed at attracting investments in medical projects.

1. RDIF and the Foundation of the International MedicalCluster have agreed on a
partnership to attract investments in medicine
Saint-Petersburg, June 7, 2019 - The Russian Direct Investment Fund (RDIF),
Russia’s sovereign wealth fund, and the Foundation of the International Medical
Cluster (IMC Foundation, established by the Government of Moscow) announce a
partnership aimed at attracting investments in medical projects. The agreement was
signed today at the St. Petersburg International Economic Forum.
In particular, the parties agreed to work together to find and implement investment
projects aimed at improving the quality of medical care, the development of
medicines, as well as new technologies in this area.
Kirill Dmitriev, CEO of the RussianDirectInvestment Fund (RDIF), said:
“Development of healthcare and life-standard improving projects is one of the main
priorities of the RDIF investment strategy. Cooperation with the Foundation of the
International Medical Cluster will be aimed at developing best practices in medical
care and attracting advanced technologies in the production of medicines.”
Mikhail Yugay, CEO of the IMC Foundation, said:
“In the modern society medicine becomes one of the most important areas for human
life. The demand of the population for high-quality medical services in Russia, which
can no longer be completely satisfied by the public organizations, is an important
driver for the investments in the segment. And we are pleased that our strong desire
to improve Russian medicine is supported by such a strong partner as the Russian
Direct Investment Fund».
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Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund
established in 2011 to make equity co-investments, primarily in Russia, alongside
reputable international financial and strategic investors. RDIF acts as a catalyst for
direct investment in the Russian economy. RDIF’s management company is based in
Moscow. Currently, RDIF has experience of the successful joint implementation of
more than 70 projects with foreign partners totaling more than RUB 1.5tn and
covering 95% of the regions of the Russian Federation. RDIF portfolio companies
employ more than 800,000 people and generate revenues which equate to more than
6% of Russia’s GDP. RDIF established joint strategic partnerships with leading

2. international co-investors from more than 15 countries that total more than $40bn.
Further information can be found at www.rdif.ru
Moscow International Medical Cluster (IMC) in "Skolkovo" Innovation Center is
a social project of the Moscow Government in the area of healthcare. The project is
aimed to improve the quality and efficiency of medical care in Russia. The IMC is a
unique project because on its territory clinics from OECD countries can provide
medical care, apply medicines and medical equipment without additional certification
in the Russian Federation, if they are registered in their country. The International
Medical Cluster is situated on 57.6 hectares of Skolkovo Innovation Center.
Eventually, as a result of consistent implementation of the project, more than 10
medical organizations from OECD countries will appear in IMC. Up to 300 thousand
patients every year will be receiving qualified medical care with advanced
technologies. Further information can be found at: http://mimc.global
For additional information contact:
Arseniy Palagin Maria Shiryaevskaya/ Andrew Leach
Russian Direct Investment Fund Hudson Sandler
Press Secretary Tel: +44 (0) 20 7796 4133
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail: arseniy.palagin@rdif.ru