Abu Dhabi invests $5bn in Russia fund

Abu Dhabi plans to invest $5bn (£3.1bn) in Russian infrastructure in a venture to be set up with the country’s state-backed private equity fund, aimed at funding toll roads, ports and airports, the Kremlin and the Russian fund said yesterday. Moves to improve infrastructure, some of which has changed little since Soviet times, are considered vital by investors to modernise Russia and make its economy more competitive.