October 15, 2019 / 3:54 PM / a month ago

Russia's and UAE's funds consider joint projects in Russia

MOSCOW, Oct 15 (Reuters) - Russia’s RDIF and UAE’s Mubadala will jointly consider an investment into a new pulp mill construction project with Russia’s Sveza, RDIF said in a statement on Tuesday.

The total project size is expected to be up to $2.8 billion, RDIF said.

RDIF and Mubadala are also considering a joint investment into Russia’s Neftetransservice. Their agreement forms part of a consortium that is looking to invest $300 million, RDIF said. (Reporting by Maria Tsvetkova; Editing by Sandra Maler)

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