It was established by the United States government to make private investments in the Russian economy.
TUSRIF was replaced by the U.S. Russia Foundation (USRF) in 2008, while its financial arm, Delta Private Equity Partners, was purchased by Deutsche Bank in 2009.
[7] TUSRIF and Kohlberg Kravis Roberts & Company owned 51% of the Imperial Porcelain Factory until 1999, when it was nationalized by the Government of Russia.
[13][14] By 2005, TUSRIF had invested $300 million in 44 Russian companies, including the aforementioned DeltaBank and DeltaCredit as well as two television networks.
[18] By 2012, the Obama administration asked Congress to allocate only $50 million to support human rights non-profit organizations in Russia.