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Chinese investment in Russian economy to match those from Europe within 2-3 years — expert

Russian Direct Investment Fund CEO also said that the visit of the Chinese President Xi Jinping to Russia planned for May 9, 2015 is a milestone event for both economies

© EPA/ADRIAN BRADSHAW

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MOSCOW, March 11. /TASS/. The Chinese investment into Russian economy will match those from Europe within 2-3 years, CEO of Russian Direct Investment Fund (RDIF) Kirill Dmitriev said Wednesday.

"We think that this year and next year there will be much more money coming from China, which will replace the European money. Within 2-3 years the investment inflow from China may be equal to that from Europe in recent years," Dmitriev said, adding that he was referring to tens of billions of dollars worth of investment all across Russia.

RDIF CEO also said that the visit of the Chinese President Xi Jinping to Russia planned for May 9, 2015 is a milestone event for both economies.

"As part of the visit a big number of deals between Russia and China important for joint development will be announced. I’m referring to projects in the agricultural sector, financial sector and other fields," he said.

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Putin: strengthening ties with China top priority for Russia

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