Russia, China sign deals worth $3.5 bn
October 13th, 2009 - 6:48 pm ICT by IANS ( Leave a comment )Beijing, Oct 13 (RIA Novosti) Contracts worth $3.5 billion have been signed at a Russian-Chinese business forum here, Russia’s deputy prime minister said Tuesday.
The bilateral business forum coincided with a visit to China by Russian Prime Minister Vladimir Putin.
Russian deputy premier Alexander Zhukov said the largest contracts were signed between Russia’s national development bank, Vnesheconombank (VEB), and the China Development Bank, and between Russia’s second-largest bank VTB and the Agricultural Bank of China, each deal worth $500 million.
Deals on construction, roads, railways and energy-saving enterprises were also signed.
Customs officials from Russia and China formed a working coordination group, whose major task will be “to improve customs clearing procedures to make Chinese imports to Russia transparent”, Zhukov said.
On Wednesday, Putin will attend a prime ministerial meeting of the Shanghai Cooperation Organisation (SCO).
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