MOSCOW, May 1. /TASS/. Russia's state development bank VEB could soon sign the first deal on financing an investment project in Russia in Chinese yuans, VEB CEO Vladimir Dmitriev said in an interview with Rossiya-24 TV channel on Friday.
He reminded that amid Western sanctions against Russia, the European markets are closed, but VEB maintains constructive relations with China’s state development bank.
"Our Chinese partners fulfill the commitments under the earlier concluded deals but are ready to issue loans to us for particular projects that have the Chinese content," Dmitriev said.
"I do not want to get ahead of it, but I am sure that in the near future we will sign the first agreement of an investment character on financing a project in Russia in yuans," he said.
China’s delegation led by President Xi Jinping plans to visit Russia on Victory Day on May 9. During the visit, the Chinese side is due to discuss with Russian Prime Minister Dmitry Medvedev the implementation of joint projects in the sphere of financial and energy cooperation of the two countries.