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Russian-Chinese view of the world
Results of the meeting of the President of the Russian Federation and the leader of the PRC
May 8 Moscow was visited by Chinese President Xi Jinping. The Chinese leader will have to keep to a tight schedule in order to be in time for all meetings and sign the necessary documents, and there will be a lot of signatures to put on. Why did you come to the capital, X, understands Eurasian Communication Center.
EEMP moves to Asia
The main event was the Russian president's statement about a possible merger of the EAEC project and the Trans-Eurasian trade and infrastructure project "Economic belt of the Silk Road", RIA Novosti reported. According to Putin, in the long term, the implementation of the joint statement signed today could lead to the formation of a common economic space throughout the continent.
“It is about the possibility of interfacing these integration models in a joint statement signed with Chairman Xi Jinping (a few minutes earlier). In essence, this is about reaching a new level of partnership in the future, implying a common economic space throughout the Eurasian continent, ”said the president after a meeting with the chairman of the PRC.
"Particular attention will be paid to finding points of contact in the construction of the China Silk Road with Russia's efforts to build a trans-Eurasian highway, the development of Eurasian economic integration," Xi Jinping added.
On the ground and in the air
The Chinese side plans to finance the construction of a railway and a port in the Far East, Interfax reported. Today, in the presence of the leaders of the two countries, an agreement was signed between CJSC "Tuva Energy Industrial Corporation" (TEPC) and the Chinese Civil Engineering Corporation on cooperation in the construction of the railway line Kyzyl-Kuragino to the Elegest coal deposit in Tuva and the port in the Far East.
The project will be implemented by 2019 year. According to the agency, it includes the construction of a mining and processing complex with a capacity of more than 15 million tons of coking coal concentrate per year, the Kuragino-Kyzyl railway and the coal terminal in the port of Vanino. The total cost is estimated at 217 billion rubles, of which the company intends to invest 54 billion rubles by itself, 163 billion rubles, as the company expects, will amount to state support (including 86,86 billion rubles from the National Welfare Fund).
China will take part in financing the Moscow-Kazan high-speed highway (VSM). As the president of the Russian Federation said, the PRC authorities plan to invest in the project about 300 billion rubles. Prior to signing the agreement, persons familiar with the situation called the sum 104 billion rubles.
Russia and China plan to cooperate not only on the ground, but also in the sky. Today the general director of JSC "Russian Helicopters" Alexander Mikheev and the chairman of the Chinese aviation industry corporation (AVIC) Lin Zemin signed a framework agreement on cooperation on the project of an advanced heavy helicopter.
According to the document, the parties will cooperate in all areas of development and preparation for the serial production of the new Advanced Heavy Lift (AHL) heavy helicopter, RIA Novosti reported. The demand for a new car in China can be more than 200 helicopters in the period up to 2040 year.
A multilateral agreement was also signed today to sell Russian SSJ 100 aircraft to China. The parties to the agreement were the Russian-Chinese Investment Fund (RCFR), Sukhoi Civil Aircraft CJSC, United Aircraft Building Corporation OJSC (UAC), Sisian New Area Management Committee (PRC), and the Chinese leasing company New Century International Leasing (NCILС) . For three years, it is planned to sell 100 aircraft for a total of about $ 3 billion dollars in the territory of the PRC and other countries of the region.
“The joint Russian-Chinese leasing company will become a good basis for expanding our cooperation in the civil aviation industry both in China and in the region as a whole,” said Denis Manturov, Minister of Industry and Trade of Russia. “Sales in China will become a driving force for advancing SSJ 100 in the markets of the whole world and will make a significant contribution to the implementation of plans to increase bilateral trade to 200 billion dollars by 2020 year.”
A serious work was done today by Vnesheconombank, which signed a framework loan agreement for an amount of 8 billion dollars with the State Development Bank of China (China Development Bank, CDB). As reported by RIA Novosti / Prime, the funds will be directed to the development of the Far East and Siberia, the Russian state corporation said, in particular, in the implementation of infrastructure projects, and also projects in the field of communication technologies and agro-industrial complex.
In September, the Russian financial structure plans to sign a substantive agreement on the implementation of the joint project of the Silk Road. According to the head of Vnesheconombank Vladimir Dmitriev, the Development Bank of China "will connect to the interaction of the development banks of the countries of the Eurasian Economic Union in terms of implementing the project of the new Silk Road."
"On this score, we are negotiating with him, we are negotiating with our partners from Kazakhstan and Belarus, an appropriate agreement will be signed. We believe that this format will suit our Chinese partners, "Dmitryeva quotes RIA Novosti / Prime.
Another major Russian bank, VTB, also agreed on cooperation with the State Development Bank of China. It is about servicing trade flows between the two countries for a total amount equivalent to 12 billion yuan, RIA Novosti reports with reference to the press service of VTB.
“VTB and CDB will also participate in the development of infrastructural and economic opportunities within the joint economic zones“ The Silk Road Economic Belt ”and“ The 21st Century Silk Road ”, the bank said.
An agreement on the establishment of a Russian-Chinese investment bank was also signed. The founders are the Russian Direct Investment Fund (RFPI) and the Chinese company CITIC Merchant, a division of the leading financial group CITIC. As reported in the press release of the RFPI, the structure will provide a wide range of services in the field of investment banking business, contributing to the strengthening of economic cooperation between the two countries, with a focus on attracting Chinese capital to Russian companies.
As part of the project, the parties are also considering the possibility of creating a joint investment fund, which will operate separately from the Russian-Chinese investment bank.
VTB signed an agreement with the Export-Import Bank of China (Eximbank) to open a credit line worth 3 billion yuan (about 483,3 million dollars). According to Interfax, the deal was finalized following a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping. In addition, VTB representatives signed an agreement with the State Development Bank of China to open a credit line to finance trade operations between China and the Russian Federation and a cooperation agreement with China Corporation for the Insurance of Export Credits Sinosure.
Putin: Relationship Development as a Foreign Policy Priority
Xi Jinping supported the Russian presidency in the BRICS and SCO. "China fully supports the Russian presidency in the framework of these two mechanisms this year. We are ready together with the Russian side to make joint efforts to ensure that these two mechanisms make an even more significant contribution to ensuring peace, development and prosperity in the region and in the world as a whole, "the Chinese leader said after a meeting with Vladimir Putin.
The parties also agreed to give each other even more meaningful support. “There was an in-depth exchange of views on Chinese-Russian relations and key international and regional issues of mutual interest. Unity of opinions on a wide range of issues has been achieved, ”RIA Novosti quotes the words of the Russian president after the meeting.
“We agreed that the parties will continue to consider the development of relations as a priority of their foreign policy, to support each other even more firmly on issues relating to each other’s vital national interests, to constantly strengthen the traditional friendship of peoples, to support the further development of high-level Chinese Russian relations, ”added Vladimir Putin.