Russian State Duma speaker warns Ukraine increasingly turning into terrorist stateRussian Politics & Diplomacy March 24, 11:06
Marine Le Pen sees no reason for French leaders' hostile attitude towards RussiaWorld March 24, 10:41
Russian Paralympians prepare for PyeongChang 2018 despite suspensionSport March 24, 9:23
Terrorist gang eliminated in foiled attack on National Guard in ChechnyaWorld March 24, 9:10
Senior Pentagon official calls for information strategy on RussiaWorld March 24, 8:42
South Korea warns North Korea may hold new nuclear test by end of MarchWorld March 24, 7:20
Russian-US experiment to simulate outer space mission named SIRIUSScience & Space March 24, 6:20
Russian research agency selects 10 bids in ‘Flying Car’ contestScience & Space March 24, 5:41
Belarus opens case into plotting riots, 26 suspects detainedWorld March 24, 4:30
CHENGDU (Southwest China) / August 7 /TASS/ The Russian company Renova Orgsyntes and Chinese Beyer Chemical Group, along with Lutianhua Group has signed an agreement on cooperation for the production of the herbicide glyphosate to control weeds, the companies said in a statement on Friday.
The Prime Minister of the Chuvashia Republic Ivan Motorin, said on the sidelines of the Russian-Chinese dialogue "Volga-Yangtze" that the agreement provides for the establishment of a chemical plant worth $2 billion.
"So far, the investments have been preliminarily outlines, its $2 billion. After the project is approved, the financing will be finalized," he said.
According to him, it is not certain yet, whether or not the plant will be a joint Russian-Chinese production.
"Presently, we are putting together the work format, since before this agreement Renova Orgsyntes had planned to implement this project on their own," Motorin said, adding that the Russian company is cooperating with the Chinese partners on the equipment purchasing.