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Chinese company plans to supply oil and gas equipment to Crimea

April 22, 2015, 9:21 UTC+3 BEIJING

China’s Kerui hopes to be entitled to a preferential regime in Russia to speed up the registration process in Crimea

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Gas storage facility in Crimea

Gas storage facility in Crimea

© ITAR-TASS/Alexei Pavlishak

BEIJING, April 22. /TASS/. China’s Kerui is set to deliver oil and gas equipment to Crimea, the company’s vice president, Wang Bin, told TASS on the sidelines of a Russian-Chinese business forum on Wednesday.

"We are a private company and we have been working in Russia since 1999. We have been monitoring the situation in Crimea for around a year and are interested in supplies of oil and gas equipment there and also providing services on maintenance of equipment," he said.

"We are already holding a dialogue with Crimea’s business circles. They say they definitely need our equipment," the vice president added.

The company hopes to be entitled to a preferential regime in Russia to speed up the registration process in Crimea. "After that we will start exporting our equipment and then will consider the opportunities for investment cooperation," he explained.

Russian business commissioner Boris Titov said applications are being submitted now for granting a status of a resident of a free economic zone of Crimea.

"If Kerui registers the company there, then the Chinese company will be practically freed from a tax on income, customs and social payments. These are more favorable conditions of work than in China," he stressed.

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