24.05.2017
China and Russia to Establish $15 Bln Fund for Development of the Russian Far East

China and Russia to Establish $15 Bln Fund for Development of the Russian Far East



China and Russia are establishing a mutual investment fund of regional development and cooperation with volume of 100 billion yuan (circa $14.5 billion). The fund’s focus is going to be development of the Russian Far East and Northeast China.

According to the information distributed at the One Belt — One Road Forum the National Development and Reform Commission of the People's Republic of China (NDRC) is going to establish the Fund for Regional Development and Cooperation with initial volume of 10 billion yuan for promotion of cooperation between Northeast China and the Russian Far East.