Annular eclipse will be visible in South America, Africa on Feb 26Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
Russian skier wins gold in skiathlon at 2017 FIS Nordic World Ski ChampionshipsSport February 25, 17:46
Top US Air Force general points to growing conflict potential in Syrian airspaceWorld February 25, 17:17
Iran relies on Russia’s support in production of fuel for nuclear power plantsBusiness & Economy February 25, 16:20
Ukrainian military capture Donetsk water purification plant — spokesmanWorld February 25, 15:05
Azerbaijan and Armenia report armed clashes in Karabakh conflict areaWorld February 25, 11:45
Head of Russian delegation to OSCE PA says Ukraine not ready for dialogueRussian Politics & Diplomacy February 25, 5:02
BEIJING, October 11 (Itar-Tass) — The Russian Direct Investment Fund, China Investment Corporation and Vnesheconombank will create an investment fund worth up to 3-4 billion dollars.
They will seal this deal in Beijing in the presence of the two countries’ prime ministers Vladimir Putin and Wen Jiabao on Tuesday.
VEB chief executive officer Vladimir Dmitriyev told reporters that within the first seven years the project will be co-financed by each party’s 1 billion dollar contribution.
“But along with this we proceed from the assumption that we will find investors who will change this ratio for 1 to 4, which means that 1 billion dollars will be injected by Russia and 4 billion – by Chinese and outside investors,” he said.
The Russian Direct Investment Fund will control the fund’s management company.
The parties have already begun “to identify concrete projects.” “I am strongly confident that this will be a large-scale Russian-Chinese program for attracting investments into the Russian economy,” Dmitriyev said.