Saudi Arabia’s PIF commits $500m to China-Russia fund
Saudi Arabia’s Public Investment Fund (PIF) will invest $500 million into the Russia-China Investment Fund (RCIF), a vehicle established in 2012 by China Investment Corporation (CIC) and the Russian Direct Investment Fund (RDIF).
The commitment – which will bring the total size of the fund to $2.5 billion – comes as Saudi Arabia faces widespread condemnation over the killing of journalist Jamal Khashoggi in the Saudi consulate...
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