RDIF was created in June 2011 under the leadership of both President Dmitry Medvedev and Prime Minister Vladimir Putin as part of a broader initiative to improve the investment climate of Russia and establish Moscow as an international financial center.
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During the 2012 St. Petersburg International Economic Forum, President Vladimir Putin announced the formation of an investment consortium between RDIF, BlackRock, Goldman Sachs, and Templeton Asset Management to provide pre-IPO support to Russian companies listing on the Moscow stock exchange MICEX-RTS.
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