Russia, China sign over 30 agreements during Medvedev’s visit

Russian Prime Minister Dmitry Medvedev and his Chinese Premier of the State Council of China Li Keqiang

Russian Prime Minister Dmitry Medvedev and his Chinese Premier of the State Council of China Li Keqiang

Reuters
The deals cover investment, energy and finance

Russia and China signed more than 30 agreements during the 20th Russia-China heads of government meeting on Dec 17. The meeting was co-chaired by Russian Prime Minister Dmitry Medvedev and his Chinese counterpart Li Keqiang.

The agreements cover banking, finance, investment, energy and high technology among other areas.  The total value of the deals was not announced.

“The slew of deals signed between China and Russia is a testimony of a higher level of our relationship, and we are determined to ensure their implementation,” Li Keqiang said, according to Xinhua news.

During the meeting, the Russia-China Investment Fund (RCIF) approved fifteen deals worth $5 billion, head of the Russian Direct Investment Fund Kirill Dmitriev told RT.com. $1 billion (approved and invested by RCIF), another $4 billion came from co-investors and bank financing, he said.

Sinopec and Rosneft signed an MOU on oil and gas projects in eastern Siberia while CNPC and Gazprom finalized an agreement on the design and construction of the cross-border section of China-Russia east-route natural gas pipeline, Xinhua reported.

China Development Bank and Vnesheconombank signed an agreement on a 10 billion yuan ($1.56 billion) loan, according to the Xinhua report.

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