Artem Novikov, Chairman of the Board of the Russian-Kyrgyz Development Fund (RKDF), commented on reports about freezing of the organization’s assets in Europe.
According to him, the RKDF has always openly published information about its activities. It will continue to do so. He stressed that the situation with the freezing of assets is not directly related to the fund itself. It is related to the work of the National Settlement Depository of the Russian Federation in European countries, which ensured implementation of transactional operations on the fund’s treasury portfolio.
«Such situation is developing in many international organizations and is complicated by the fact that there is no single, universal or approved mechanism for resolving the issues that have arisen. Development of appropriate solutions continues. We expect that it will be brought to its logical conclusion,» Artem Novikov said.
The head of the RKDF stressed that to date the fund is operating as usual and fulfills all its obligations in full.
Since the beginning of the year, the fund has already financed projects worth $57 million, and new applications for more than $100 million have been approved. Until the end of the year, the RKDF plans to invest more than $120 million in the economy of Kyrgyzstan. In addition, on June 27, 2023, the fund’s board approved a strategy for its activities for 2023-2027, under which it is planned to invest additional $630 million in the economy of Kyrgyzstan.
«This money will be used to implement new investment projects. We are sure that the appropriate funding will be provided in full, regardless of any situation. I would like to stress once again that all applications for funding will be accepted as usual, as well as funding without restrictions,» Artem Novikov concluded.
