Russia, India to form $1 billion joint fund
A Russian investment fund and India's National Infrastructure Investment Fund have decided to invest $500 million each, to form a $1 billion (around ₹6,671 crore) Russian-Indian Investment Fund. The joint fund, announced at Saturday's BRICS Summit, will support "attractive investment opportunities and growth of Russian business" in India. Notably, this is a first of its kind partnership for NIIF.