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According to foreign media reports, on May 8, Russian President Vladimir Putin and Chinese President Xi Jinping witnessed the signing of 32 contracts on the same day, including a Chinese and Russian investment consortium to establish a leasing company to promote 100 Russian-made SSJ-100 business jets (Sukhoi Superjet-100) in China and Southeast Asian markets, and a 300 billion ruble (about 3.
725 million yuan) loan
for the construction of a high-speed railway.
Russia and China signed a number of agreements on the same day aimed at deepening economic ties between the two countries, including a 6 billion yuan credit line agreement
between Sberbank and China Development Bank.
Putin said on May 8 that Russia and China will strengthen financial cooperation, including the wider use of the ruble and yuan
in mutual settlements.
The report also said that the Russian Direct Investment Fund and CITIC Guotong Investment Management Co.
, Ltd.
signed an agreement
on the establishment of a Russian-Chinese investment bank on May 8.
The Russian-Chinese Investment Bank will provide a wide range of services in investment and banking to promote Russian-Chinese economic cooperation, introduce Chinese capital
such as aircraft and high-speed railways to Russian companies.
The two sides are also considering the possibility of setting up a joint investment fund, which will operate
independently of the Russian-Chinese investment bank.
Dmitriev, president of the Russian Direct Investment Fund, said that the services of the Russian-Chinese investment bank will be very popular both in Russia and in China, and it will further promote Russian-Chinese investment cooperation
.
On Friday afternoon, Putin met with visiting Xi Jinping and said that Russia and China intend to strengthen cooperation
in aircraft, high-speed rail and other means of transportation, as well as in the military field.
He said: The relations between the two countries are full of mutual trust and are at a very good level
.
Xi Jinping also said that China and Russia share the same position
on many international issues.
Putin also referred to joint military exercises
in the Mediterranean that began this week.
A spokesman for the Russian Navy pointed out that this is the first time that a Chinese warship has sailed into the port of
Novorossiysk on the Black Sea coast.
The exercise lasted a total of 10 days, with 10 ships from each navy of the two countries participating
.
(This article uses a real-time exchange rate of 1 yuan is equivalent to approximately 8.
054 rubles)
According to foreign media reports, on May 8, Russian President Vladimir Putin and Chinese President Xi Jinping witnessed the signing of 32 contracts on the same day, including a Chinese and Russian investment consortium to establish a leasing company to promote 100 Russian-made SSJ-100 business jets (Sukhoi Superjet-100) in China and Southeast Asian markets, and a 300 billion ruble (about 3.
725 million yuan) loan
for the construction of a high-speed railway.
Russia and China signed a number of agreements on the same day aimed at deepening economic ties between the two countries, including a 6 billion yuan credit line agreement
between Sberbank and China Development Bank.
Putin said on May 8 that Russia and China will strengthen financial cooperation, including the wider use of the ruble and yuan
in mutual settlements.
The report also said that the Russian Direct Investment Fund and CITIC Guotong Investment Management Co.
, Ltd.
signed an agreement
on the establishment of a Russian-Chinese investment bank on May 8.
The Russian-Chinese Investment Bank will provide a wide range of services in investment and banking to promote Russian-Chinese economic cooperation, introduce Chinese capital
such as aircraft and high-speed railways to Russian companies.
The two sides are also considering the possibility of setting up a joint investment fund, which will operate
independently of the Russian-Chinese investment bank.
Dmitriev, president of the Russian Direct Investment Fund, said that the services of the Russian-Chinese investment bank will be very popular both in Russia and in China, and it will further promote Russian-Chinese investment cooperation
.
On Friday afternoon, Putin met with visiting Xi Jinping and said that Russia and China intend to strengthen cooperation
in aircraft, high-speed rail and other means of transportation, as well as in the military field.
He said: The relations between the two countries are full of mutual trust and are at a very good level
.
Xi Jinping also said that China and Russia share the same position
on many international issues.
Putin also referred to joint military exercises
in the Mediterranean that began this week.
A spokesman for the Russian Navy pointed out that this is the first time that a Chinese warship has sailed into the port of
Novorossiysk on the Black Sea coast.
The exercise lasted a total of 10 days, with 10 ships from each navy of the two countries participating
.
(This article uses a real-time exchange rate of 1 yuan is equivalent to approximately 8.
054 rubles)
