Russia not ready to say whether it will cut oil production or freeze itBusiness & Economy October 23, 17:29
Experts probing into situation around cyberattack on Russian foreign ministry’s websiteRussian Politics & Diplomacy October 23, 17:05
Two bandits killed in special operation in Nizhny Novgorod - sourceWorld October 23, 15:15
S Arabian minister invites Russian counterpart to GCC oil ministers meetingBusiness & Economy October 23, 13:42
A family of eight killed in airstrike near Mosul - TVWorld October 23, 13:08
Kiev military launch more than 200 shells, destroy house in DonbassWorld October 23, 11:10
Rescuers evacuate 15 people from house hit by gas explosionSociety & Culture October 23, 11:07
Russian health minister says producing vaccines in Nicaragua is "very profitable"Society & Culture October 23, 7:36
Russia, EU should set up strategic planning committee — former foreign ministerRussian Politics & Diplomacy October 23, 6:07
BEIJING, October 22. /TASS/. The Russian-Chinese free economic zone will be created in Irkutsk, East Siberia, in line with agreement signed on Thursday on the sidelines of the 7th China Overseas Investment Fair (COIFAIR-2015) in Beijing.
The deal was inked by the representatives of the Irkutsk region and the Liaoning province in China’s northeast.
"There is a free economic zone in Shenyang [in Liaoning province], a similar zone will be created in Irkutsk on the same basis," an aide to the Irkutsk region’s governor, Alexander Kopylov, said.
The free economic zone will attract a Chinese bank jointly with Russia’s biggest lender Sberbank. "Then an insurance company will be developed, and later a hotel will be built, and companies will start joining it and will open their representative offices in Irkutsk," he said.
A five-star hotel is due to be built in the city by late 2016, the official said.
The 7th China Overseas Investment Fair (COIFAIR-2015) is held in the capital Beijing on October 22-23.