The Wall Street Journal: Blacklisted Russian fund paid for half of coronavirus aid shipment to U.S.

This post was originally published on this site

A Russian state-owned fund that says it footed half the bill of a coronavirus aid shipment delivered to the U.S. on Wednesday has been on a U.S. Treasury restricted lending list since 2015.

The Russian Direct Investment Fund, a $10 billion sovereign-wealth fund started by Russian President Vladimir Putin in 2011, said Thursday it paid for half the cost of a shipment of medical supplies promised by Moscow in a call with President Trump on Monday.

The shipment was delivered to the Federal Emergency Management Agency in New York, according to the U.S. State Department. A Russian Defense Ministry video showed a transport plane it said was filled with the supplies taking off from a Moscow region airstrip.

The RDIF was launched to help attract investment into Russian companies and infrastructure projects. Its former advisers included the founders of private-equity firms Blackstone Group Inc BX, +0.96%   and Apollo Global Management Inc. APO, +3.37%  . In 2015, the Obama administration placed the RDIF on a U.S. Treasury sanctions list that prevents U.S. individuals and businesses from making loans to or buying equity in the fund.

An expanded version of this report appears on

Also popular on

Italy’s coronavirus death toll is far higher than reported.

Coronavirus stimulus payments: When will they be sent and who is eligible?

Add Comment