Arab, Korean Funds May Invest in Russian Banks, Kommersant Says

The Abu Dhabi Investment Authority may invest $100 million in Russian regional banks through a fund set up by the International Finance Corp. and VEB, Russia’s state-run development bank, Kommersantreported.

Investment funds from South Korea have also expressed interest in the fund, which may invest as much as $1 billion, the newspaper reported, citing documents prepared for VEB’s supervisory board.

No date has been set for the board’s next meeting, Kommersant said.