31.03.2015 - China, Russia eyeing 32 projects with $75b investment: RDIF
China and Russia are mulling 32 projects with total investment of up to $75 billion, Kirill Dmitriev, CEO of Russian Direct Investment Fund (RDIF), the country's sovereign wealth fund, said. The projects include a petrochemical project between Chinese oil giant Sinopec and Russian petrochemical company Sibur, a project between Russian aircraft company Sukhoi Superjet and a number of Chinese investors to help the former expand its business in China, and a big metal project called Udocan deposit close to China, according to Dmitriev. The projects, covering metals, agriculture, infrastructure and industries, were discussed at a meeting held Monday in Beijing by a consultative committee of entrepreneurs under the intergovernmental Russia-China Commission for Investment Cooperation. The $2 billion Russia-China Investment Fund (RCIF), launched jointly by RDIF and its Chinese counterpart China Investment Corporation in June 2012, has already approved 10 investment projects in metals, tourism and infrastructure sectors...............................................Full Article: Source
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