(Reuters) – Russia and China pledged on Tuesday to settle more bilateral trade in rouble and yuan and to enhance cooperation between banks, Russia’s First Deputy Prime Minister Igor Shuvalov said, as Moscow seeks to cushion the effects of Western economic sanctions.
Shuvalov told reporters in Beijing that he had agreed an economic cooperation pact with China’s Vice Premier Zhang Gaoli that included boosting use of the rouble and yuan for trade transactions. The pact also lets Russian banks set up accounts with Chinese banks, and makes provisions for Russian companies to seek loans from Chinese firms. “We are not going to break old contracts, most of which were denominated in dollars,” Shuvalov said through an interpreter.
RBTH melder videre, at “Rosneft to sell 10 percent stake in largest oil field to Chinese company September 8, 2014 Alexei Lossan, RBTH The Chinese company CNPC is to get up to 10 percent in Russia’s Vankor oilfields, Rosneft’s biggest production asset. Analysts point out that the deal is very profitable for the Chinese since this is an already developed field, while it could allow Rosneft to raise up to 1$ billion to help manage its accumulated debt. Source: Russia Beyond the Headlines – http://rbth.com/business/2014/09/08/rosneft_to_sell_10_percent_stake_in_largest_oil_field_to_chinese_com_39607.html)
Endelig oplyser ITAR_tass, at Chinese investors have expressed their willingness to invest 400 billion rubles. in the construction of high-speed highway Moscow – Kazan. Itar-Tass said the first vice-president of Russian Railways Alexander Misharin.”Even today, the Chinese banks, China Development Bank in the first place, ready to raise the funding needed for this project, we are talking about the order of 400 billion rubles.” – Said Misharin, noting that the final decision on the construction of high-speed rail is in Russian government. Misharin emphasized that the stated funds are sufficient to “provide funding for the project in terms of funds raised.”
