MOSCOW, March 9 Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, and the Israeli investment company LR Group have agreed to co-invest $100 million into dairy farming and milk processing in Russia. <\/p>\n
The sum represents the first phase of joint investment for which regional projects are already being analysed, a statement from RDIF said. <\/p>\n
A global oil slump in recent years, western sanctions and counter sanctions have pushed Moscow to work towards diversifying its resource-based economy. <\/p>\n
Russian and Israeli cooperation in agriculture was earmarked as a priority during Israeli Prime Minister Benjamin Netanyahu's visit to Moscow on Thursday. <\/p>\n
\"Adaptation of the best technologies and creation of vertically integrated regional dairy clusters will significantly increase milk production,\" Ami Lustig, CEO of LR Group Israel, said in a statement. (Reporting by Dasha Afanasieva; editing by Katya Golubkova) <\/p>\n
* Country Garden's Forest City says always planned to sell beyond China and has chosen to bring those plans forward this year <\/p>\n
* Edelweiss Financial Services - First Carlyle Venture Mauritius sells entire 8.19 percent stake in co Source text: (http:\/\/bit.ly\/2ncR8bi<\/a>) Further company coverage: <\/p>\n * Says it will use undistributed profits to pay a cash dividend of 0.35 yuan(pre-tax)\/10 shares to shareholders for FY 2016 <\/p>\n <\/p>\n See the article here: <\/p>\n Russia, Israeli firm agree to invest $100 mln in Russia's dairy industry - Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" MOSCOW, March 9 Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, and the Israeli investment company LR Group have agreed to co-invest $100 million into dairy farming and milk processing in Russia. The sum represents the first phase of joint investment for which regional projects are already being analysed, a statement from RDIF said. A global oil slump in recent years, western sanctions and counter sanctions have pushed Moscow to work towards diversifying its resource-based economy Continue reading