| Chinese President Xi Jinping's upcoming visit to Russia will bring the financial cooperation between the two countries to a new height, a Russian banker says. Financial cooperation constitutes a crucial part of bilateral comprehensive strategic partnership of coordination, Alexander Ivanov, deputy head of the Vnesheconombank (VEB), said.
Last June, Chinese Investment Corporation and Russian Direct Investment Fund established a 4-billion-dollar Russia-China Investment Fund. "This fund invests into infrastructural projects and contributes a lot to job creation both in Russia and China," he said...............................................Full Article: Source
|