The memorandum of understanding for projects aimed at boosting Russia’s global investor appeal was signed in January, according to The Ministry for Economic Development letter to the Government.

The trilateral memo was signed by Minister for Economic Development Andery Belousov, RFPI Head Kirill Dmitriev, Head of Goldman Sachs International Michael Sherwood and Head of Goldman Sachs Russia and CIS Paolo Zannoni.

As quoted by Finmarket, the maximum contract amount as stated in the memorandum is $500k over the next three years.

The aim of the contract is “wider collaboration in developing initiatives aimed at boosting Russia’s investor appeal worldwide”, including relations with investor appeal rating consultancies, conferences, investor roadshows in Russia and abroad, relations with foreign business associations and investment funds, monthly reporting on events that affect Russia’s investor appeal.

On 1 January First Deputy Prime Minister Igor Shuvalov held a meeting that passed a decision to develop a project aimed at boosting Russia’s investor appeal. The Ministry for Economic Development was appointed ‘head ministry’ in charge of the project and the workgroup will be joined by representatives from Sberbank, VTB, RFPI and the Presidential Executive Office.

Project Group №7