France signs contracts with Russia to invest €1bn

France signs contracts with Russia to invest €1bn
France signs contracts with Russia to invest €1bn
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Published time: 24 May, 2018 18:36 Edited time: 24 May, 2018 18:49

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France signs contracts with Russia to invest €1bn

Russia and France have signed six contracts for direct investment into Russia worth about €1 billion as part of the ongoing business forum in St Petersburg and the coinciding visit of the French president.

The billion-euro ($1.17 billion) sum of the deal was reported on Tuesday by Kirill Dmitriev, the head of the Russian Direct Investment Fund. The six contracts were signed at the St. Petersburg International Economic Forum (SPIEF), which is being held in the former Russian capital on Tuesday and Friday.

For comparison, the entire foreign direct investment into Russia in 2017 amounted to $27.9 billion.

RT

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