By Dylan Tokar and Kristin Broughton
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 /zigman2/quotes/203156858/composite BX +2.16% and Apollo Global Management Inc. /zigman2/quotes/203829595/composite APO -0.59% . 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.
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