Vayno appointed chairman of Russian Direct Investment Fund amid US sanctions talks

Kirill Vayno, a senior Kremlin official, has been appointed chairman of the supervisory board of the Russian Direct Investment Fund (RDIF), a state-backed sovereign wealth fund previously labeled 'Putin's black box' by the US. The move comes during reported negotiations over US sanctions relief, suggesting Moscow is positioning a trusted insider to manage potential deal-making. The appointment signals a possible shift in RDIF's role from investment vehicle to a political tool in sanctions diplomacy, though the exact scope of negotiations remains unclear.

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