Serbia negotiates establishment of joint investment fund with Russia

A delegation of the Serbian government, headed by Prime Minister Ivica Dacic, spoke yesterday with First Deputy President of the Russian bank VTB Vasily Titov about the setting up of a joint investment fund, it was announced on the government official website.

Dacic told the press after the meeting in Russia’s second-largest bank that the fund should help Russian investors to come and invest in Serbia, and Serbian companies to finance the production for export to the Russian market.

He said that the joint investment fund could contribute to the growth of trade, particularly in agriculture, adding that the negotiations were expected to continue in the next few weeks in Belgrade.

Dacic also said that he had talked about an increased presence of Russian banks in Serbia with the president and the prime minister of the Russian Federation, Vladimir Putin and Dmitry Medvedev, respectively.