IMF Executive Board decides on $1.8 billion conditional loan for GreeceBusiness & Economy July 21, 3:34
ExxonMobil launches legal challenge to finding it violated US sanctions against RussiaBusiness & Economy July 21, 1:36
Russian Knights aerobatic team to perform at Dubai airshowMilitary & Defense July 20, 21:28
Russia looks to its Navy to become world secondMilitary & Defense July 20, 19:10
ExxonMobil disagrees with US Treasury Department’s decision to assess fineBusiness & Economy July 20, 18:45
Putin signs decree on Russia’s navy policy until 2030Russian Politics & Diplomacy July 20, 18:39
Putin personally congratulates human rights champion Alexeyeva on her 90th birthdaySociety & Culture July 20, 18:20
Russian boxer Povetkin reinstated into WBO’s ratings, ranked eighthSport July 20, 18:08
Russia’s Syria campaign spending within current combat training costs — Defense MinistryMilitary & Defense July 20, 17:59
"The parties called for supporting the measures towards perfecting the mechanism of regular meetings between the Russian and Chinese premiers, including the establishment, at the level of their deputies, a Russian-Chinese commission for investment cooperation and a Russian-Chinese high-level group for control over the implementation of strategic economic cooperation projects, as well as dedicated working groups in the energy sphere," the document noted.
The Russian-Chinese commission for investment cooperation at the level of first vice premiers will bring together representatives of the state and state-owned and private companies, head of the Russian Direct Investment Fund /RFPI/ Kirill Dmitriyev told reporters."A joint review of investments in various projects can make the discussion more effective and clear," Dmitriyev said, noting that "the Russian-Chinese fund created by the RFPI and China's Sovereign Wealth Fund, will play an important role in funding these projects."
Russia and China plan to increase the volume of direct settlements in national currencies in mutual trade, according to the joint statement on a new stage of relations of comprehensive partnership and strategic interaction, signed after Russian-Chinese top-level talks.
"The parties intend to make new steps towards increasing the level and expanding the spheres of Russian-Chinese practical cooperation by launching close interaction in finance, such as increasing the volume of direct settlements in the national currencies of Russia and China in trade, investment and credit provision," the document said.
It also noted that the two countries also planned to intensify the dialogue over macro-economic policy issues.
Russia and Chain will stimulate the growth of mutual capital investment, including in transport infrastructure facilities, comprehensive development of mineral deposits and construction of low-income housing in Russia.