Russian Arctic development opens to international investors

Investing.com -- Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), announced on Wednesday the potential for international investors, including those from the global South, to participate in the development of Russia’s Arctic region.

Dmitriev also noted that global warming has aided the development of the Northern Sea Route along Russia’s Arctic coast. This route is becoming increasingly accessible due to changing climatic conditions.

The RDIF, as one of Russia’s sovereign wealth funds, plays a significant role in attracting international investments into the country. This new initiative signifies a further step in promoting foreign investment in Russia’s Arctic region.

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