One of our oldest “alumni” of the USA/USA Program, Kirill Dmitriev, just thirty six or seven, has been named to head the RDIF (Russia Direct Investment Fund) by President Medvedev of the Russian Federation. Kirill is a Kyiv native. He took part in our USA/USA Seminar 1992 and was a volunteer in 1994 and 1995. He attended Foothill (community) College and then Stanford, McKinsey, HBS, IBS, Delta Capital, iconpe which he founded, and now RDIF. Kirill “withdrew” from our program for the benefit of his sister. We respected his wishes and we have not listed him as one of our scholarship students since he did not win a full four year college scholarship. He had an American family host him while he attended Foothill College.
RDIF is a state related fund that will reach 10 billion dollars over five years. It will serve as a co-investment fund with direct foreign investments. That is, this money will partner, perhaps in a ratio of 1 to 10, with foreign investments into the Russian Federation. The purpose of this is to garner 100 billion dollars of foreign investment to modernize the country by 2020. The aim of the fund is to reduce risk to foreigners and to create a government backed partner with any foreign investor; this to protect foreign investors if there are disputes and court cases.