Common
Russian Direct Investment Fund
Fund established by the Russian government in June 2011
Russian Direct Investment Fund
The Russian Direct Investment Fund (Russian: Российский фонд прямых инвестиций, RDIF) is Russia's sovereign wealth fund established in 2011 by the Russian government with the stated goal to make investments in companies of high-growth sectors of the Russian economy. Kirill Dmitriev is the RDIF's chief executive officer. Dmitriev has long-standing connections to Vladimir Putin's family. The fund has doled out funds to associates and family members of Putin. Following the 2022 Russian invasion of Ukraine, numerous states have sanctioned RDIF. In the recital of the decision by the United States to sanction RDIF, the Office of Foreign Assets Control labeled RDIF as a slush fund for Vladimir Putin and as emblematic of Russia's broader kleptocracy.
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