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Russian-China gas deal near, boosting relations: Putin (3)

(Shanghai Daily)

07:57, October 12, 2011

The two leaders witnessed a signing ceremony for nine agreements covering areas such as agriculture, tourism and the economy.

Russian state bank VEB and the China Development Bank signed a deal for the Chinese bank to invest US$1.5 billion in building the first stage of UC RUSAL's 750,000-ton Taishet aluminium smelter.

As well, the China Investment Corp agreed to invest US$1 billion in a joint Russia-China Investment Fund set up in partnership with a Russian state-backed vehicle to promote direct investment.

Putin said Russia will strengthen nuclear energy cooperation with China after the two nations' success with the Tianwan nuclear plant in east China's Jiangsu Province.

"Russia will introduce the most advanced technology in the world and minimize any possible risks," Putin said.

Today Putin will meet Chinese President Hu Jintao.

【1】 【2】 【3】


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