Rusnano to create joint fund with Chinese ministry

A Rusnano exhibition inside a train.

A Rusnano exhibition inside a train.

The direct investment fund will focus on high technology.

Rusnano and the Chinese Science and Technology Ministry will create a Russian-Chinese innovation direct investment fund in the field of high technology.

A relevant agreement was signed during Russian President Vladimir Putin's visit to China, an Interfax correspondent reported.

In the framework of the agreement, the future fund will provide support for a bilateral transfer of technologies between China and Russia, and also their import from third countries with the subsequent creation of industrial enterprises, branches, representative offices and R&D centers in Russia and China.

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