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A Chinese bank will finance DFO investment projects of up to 5 billion US dollars
During his visit to the PRC, Russian Minister for the Development of the Far East, Alexander Galushka, and Chairman of the Board of Directors of the State Development Bank of China, Hu Huaiban, signed an agreement on cooperation in financing projects in the Far Eastern region of Russia in Shanghai, Vladnews news agency reported on June 10th.
The parties agreed on the provision of competitive commercial loans by a Chinese bank based on the coordination and definition of specific cooperation projects. The Chinese side is also interested in creating infrastructure objects of the territories of priority development.
Provision is made for financing by the Chinese bank of investment projects in the territory of the FEFD in the amount of up to 5 billion US dollars.