Qatar and Russia to up investment by $2B as emir visits Moscow
Cooperation between Qatar and Russia on energy matters is growing, as Doha seeks to mediate between the Kremlin and Ukraine over the war.
Qatar and Russia agreed to increase the amount in their mutual investment fund by 2 billion euros ($2.27 billion) on Thursday during Qatari Emir Sheikh Tamim bin Hamad Al Thani’s visit to Moscow.
The two countries signed several “documents” during a ceremony at the Kremlin attended by Sheikh Tamim and Russian President Vladimir Putin. The agreements included a deal to expand the joint investment platform between the two countries by roughly 2 billion euros, with a contribution of 1 billion euros ($1.14 billion) from each, Russia’s official news agency Tass reported.
The Qatar Investment Authority and the Russian Direct Investment Fund launched a $4 billion joint venture in 2014, according to Reuters.
The Qatari government said the two sides signed memorandums of understanding related to health care, medical science and education, sports and culture.
