Saudis say to jointly invest up to $10 bln with Russian fund

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DUBAI, June 21 (Reuters) - Saudi Arabia's government and a Russian state fund have signed a memorandum of understanding to jointly invest as much as $10 billion, official Saudi news agency SPA said on Sunday. The deal between Saudi Arabia's Public Investment Fund (PIF) and the Russian Direct Investment Fund (RDIF) was sealed last week when top Saudi officials visited Russia. The governments also agreed to cooperate on developing nuclear energy. SPA did **t say where or when the joint investments would be made. ...

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