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4 Apr, 2020 07:45

Russian national wealth fund covers half of expenses for coronavirus medical aid sent to New York

Russian national wealth fund covers half of expenses for coronavirus medical aid sent to New York

The Russian Direct Investment Fund (RDIF) has announced it is investing in production of testing systems, medicine, and medical equipment necessary to battle the spread of Covid-19.

Russia has recently delivered personal protective and medical equipment supplies to New York, which has become the worst coronavirus-affected US city. The Russian plane carrying the vital cargo arrived in the US on April 1.

Also on rt.com Russian military plane with coronavirus aid lands in US

“RDIF paid half of the cost of medical supplies for clinics, hospitals and laboratories in New York,” the fund said.

The statement added that the agency hopes the US will return the favor, as it is currently in talks with American companies to deliver supplies from the US to Russia if necessary. Several US firms cooperating with the fund have already offered to pay half of the costs for the potential delivery.

For more stories on economy & finance visit RT's business section

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