Syrian opposition ready for direct talks with government delegation — representativeWorld February 22, 21:56
UN Syria envoy expects no breakthrough at new round of Syria talksWorld February 22, 21:09
Russia opposes sharing responsibility for fate of Middle East refugeesRussian Politics & Diplomacy February 22, 20:36
First woman in space Valentina Tereshkova may meet with Queen Elizabeth IIRussian Politics & Diplomacy February 22, 20:27
Spain’s famous footballer Puyol returns to Russia next week ahead of FIFA 2017, 2018 CupsSport February 22, 20:15
Putin promotes generals to higher military ranks after Syria operationMilitary & Defense February 22, 19:56
Russia, Turkey may discuss purchase of S-400 systems at March talksMilitary & Defense February 22, 19:18
European human rights watchdog welcomes court’s ruling on Russian opposition activistWorld February 22, 18:42
Maslenitsa festival: a week of pancakes and joySociety & Culture February 22, 17:49
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.