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Beijing and Moscow to pour roughly $15 bln into developing Far East

China and Russia will establish a 100 bln yuan (about $14.5 bln) joint investment fund for regional development

A view of a mountain range around Petropavlovsk-Kamchatsky Yuri Smityuk/TASS

A view of a mountain range around Petropavlovsk-Kamchatsky

© Yuri Smityuk/TASS

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BEIJING, May 15. /TASS/. China and Russia are planning to set up a joint regional development and cooperation investment fund with a total amount of 100 bln renminbi (around $14.5 bln) to bolster the development of Russia’s Far East and Northeast China.

According to the materials released at the Belt and Road forum, its initial amount totals 10 bln renminbi (about $1.45 bln).

"The State Committee for Development and Reform of China will establish a 100 billion yuan Russian-Chinese investment fund for regional development and cooperation with an initial capital of 10 billion yuan to promote cooperation between Northeast China and the Far East," the document said.

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Hamas ready for immediate ceasefire in Gaza, official says

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US-led coalition's aircraft violate Syrian airspace nine times in past day

In a separate development, a total of 3,516 people crossed into Syria from the territory of Lebanon in the reported period

France wraps up training of new Ukrainian brigade — minister

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116 countries, including Azerbaijan, Algeria, Armenia, Belarus, Bolivia, Brazil, China, Cuba, Serbia, and Syria, supported the document

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Ukrainian army's actions in Russia cause 60 bln Rubles in damage — Investigative Committee

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Reuters wrote with reference to anonymous sources that the sides would also discuss what Trump’s return to the Oval Office could mean for the world

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According to Miroslav Borisenko, there are "almost no" residents of major cities among the forcibly mobilized, although in 2022 the "social composition was entirely different" in the Ukrainian armed forces

South Korea to support Ukraine in response to Russia-North Korea alliance — president

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European Commission gives ‘positive assessment’ for payment of 4.1 bln euros to Kiev

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US National Security Advisor Jake Sullivan said that European support to Ukraine should continue and that should intensify

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Israeli military vows to keep Syrian-made weapons out of Hezbollah’s hands by any means

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US missile defense site to defend Poland from Russia too — Polish minister

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Grossi oversteps authority by talking about freeze of Ukraine conflict — Russian MFA

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Russian air defenses down multiple aerial targets over Belgorod, with one injury reported

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Russia to ensure parity in response to US missile defense system in Poland — Kremlin

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Trump plans to appoint special envoy on Ukraine to hold peace talks with Russia — TV

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Russia’s Vityaz, Viking air defense systems attract major attention at Airshow China

Russian surface-to-air missile systems have demonstrated their value in the special military operation in Ukraine, Vyacheslav Dzirkaln noted

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