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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
On May 8, Chinese President Xi Jinping visited Moscow. The Chinese leader will have to adhere to a tight schedule in order to be in time for all the meetings and sign the necessary documents, and there will be a lot of signatures. Why he came to the capital of Xi, he understands Eurasian Communication Center.
EAEU moves to Asia
The main event was the statement by the Russian president on the possible merger of the EAEU project and the trans-Eurasian trade and infrastructure project "Economic Belt of the Silk Road", RIA Novosti reports. According to Putin, in the future, the implementation of the joint statement signed today may lead to the formation of a common economic space on the entire continent.
“It is precisely about the possibility of pairing these integration models that is said in a joint statement signed with President Xi Jinping (a few minutes earlier). In fact, we are talking about entering a new level of partnership in the future, which implies a common economic space throughout the Eurasian continent, ”the President said following a meeting with the President of the PRC.
"Particular attention will be paid to finding common ground in China's construction of the Silk Road with Russia's efforts to build a trans-Eurasian highway and develop 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 reports. Today, in the presence of the leaders of the two countries, an agreement was signed between CJSC Tuva Energy Industrial Corporation (TEPK) and the Chinese Civil Engineering and Construction Corporation on cooperation in the construction of the Kyzyl-Kuragino railway line to the Elegest coal deposit in Tuva and a port in the Far East.
The project is planned to be completed by 2019. 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 a coal terminal in the port of Vanino. The total cost is estimated at 217 billion rubles, of which 54 billion rubles is intended to be invested by the TEIC itself, 163 billion rubles, as the company expects, will be state support (including 86,86 billion rubles from the National Welfare Fund).
China will take part in financing the high-speed railway (HSR) Moscow - Kazan. As the President of the Russian Federation said, the Chinese authorities are planning to invest about 300 billion rubles in the project. Before the signing of the contract, those familiar with the situation named the amount of 104 billion rubles.
The Russian Federation 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 China 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 serial production of the new heavy helicopter Advanced Heavy Lift (AHL), RIA Novosti reports. The demand for a new machine in China could be more than 200 helicopters by 2040.
A multilateral agreement on the sale of Russian SSJ 100 aircraft to China was also signed today. The parties to the agreement were the Russian-Chinese Investment Fund (RCIF), CJSC Sukhoi Civil Aircraft, OJSC United Aircraft Corporation (UAC), Management Committee for the New Region of Xixian ( China), as well as the Chinese leasing company New Century International Leasing (NCILС). In three years, it is planned to sell 100 aircraft on the territory of the PRC and other countries of the region for a total amount of about $ 3 billion.
“The joint Russian-Chinese leasing company will become a good basis for expanding our cooperation in the field of civil aircraft construction both in China itself and in the region as a whole,” said Russian Industry and Trade Minister Denis Manturov. "Sales in China will drive the SSJ 100 to markets around the world and contribute significantly to plans to increase bilateral trade to $ 200 billion by 2020."
Vnesheconombank has done serious work today, having signed a $ 8 billion framework loan agreement with the China Development Bank (CDB). According to RIA Novosti / Prime, the funds are planned to be directed to the development of the Far East and Siberia, the Russian state corporation said, in particular, in the implementation of infrastructure projects, as well as projects in the field of communication technologies and the agro-industrial complex.
In September, the Russian financial structure plans to sign a substantive agreement on the implementation of the joint Silk Road project. According to the head of Vnesheconombank, Vladimir Dmitriev, the China Development Bank "will join the interaction of development banks of the countries of the Eurasian Economic Union in terms of the implementation of the new Silk Road project."
“On this score, we are negotiating with him, we are negotiating with our partners from Kazakhstan and Belarus, a corresponding agreement will be signed. We believe that this format will completely suit our Chinese partners, ”RIA Novosti / Prime quotes Dmitriev.
Another major Russian bank, VTB, has also agreed to cooperate with the State Development Bank of China. We are talking 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 take part in the development of infrastructural and economic opportunities within the joint economic zones“ Economic Belt of the Silk Road ”and“ Sea Silk Road of the XXI century, ”the bank said in a statement.
An agreement on the establishment of a Russian-Chinese investment bank was also signed. The founders are the Russian Direct Investment Fund (RDIF) and the Chinese company CITIC Merchant, a division of the leading financial group CITIC. According to a press release from RDIF, 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 their participation in the project, the parties are also considering the possibility of creating a joint investment fund, which will function separately from the Russian-Chinese Investment Bank.
VTB entered into an agreement with the Export-Import Bank of China (Eximbank) to open a credit line in the amount of 3 billion yuan (about $ 483,3 million). 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 the Chinese Export Credit Insurance Corporation Sinosure.
Putin: Relationship Development as a Foreign Policy Priority
Xi Jinping supported Russia's chairmanship of the BRICS and SCO. “The Chinese side fully supports the chairmanship of the Russian Federation within 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 following his meeting with Vladimir Putin.
The parties also agreed to provide each other with even more meaningful support. “An in-depth exchange of views took place on China-Russia relations and key international and regional issues of mutual interest. A consensus has been reached on a wide range of issues, ”RIA Novosti quotes the words of the Russian president after the meeting.
“We agreed that the parties will continue to consider the development of mutual relations as a priority direction of their foreign policy, give each other support even more firmly on issues relating to each other's vital national interests, constantly strengthen the traditional friendship of peoples, support further development at a high level of Chinese Russian relations, ”added Vladimir Putin.