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
VLADIVOSTOK, July 28. /TASS/. Establishment of a joint agro-industrial fund with China will help Russia to have funds for implementation of new investment projects, Deputy Prime Minister and Presidential Plenipotentiary in the Far Eastern Federal District Yuri Trutnev said on Thursday.
"The agro-industrial fund benefits both sides, since we have huge volume of fertile land that can be used for agriculture in our Far East. On the other part, the Chinese economy accumulated huge funds making possible to implement projects quickly and efficiently. As a result we have resources for implementation of new projects and they have environmentally sound foods and an opportunity to cultivate them on a large territory," Trutnev said.
The shareholders agreement on establishment of the Sino-Russian agro-industrial development fund was signed in April 2016. First projects are scheduled for presentation at the Russia’s Eastern Economic Forum in early September.