Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Chinese fund "Yunjin" wants to invest in Yakutia mining projects

The largest Chinese investment fund Yunjin signed a memorandum of understanding with the Yakut Investment Development Agency as part of the first fair of investment projects, according to the website of the Yakutian government.

"Yunjin" considers mining projects as a priority, while the volume of investments is unlimited, since the accumulation of funds goes through international markets. "We already have a project on which we are cooperating with Russia - this is a project in South Yakutia for iron ore. We are also selecting other attractive projects with the Yakutia Investment Projects Agency," the Chinese partner said.

As noted by the Minister of Economy of Yakutia, Valery Maksimov, "investment packages for big business have already been formed, the total volume of which is estimated at up to 2,5 trillion rubles." At the same time, he stressed that small and medium-sized projects with an investment volume of 30 to 50 million rubles may be the most attractive for investors. "From the point of view of return on investments, small and medium-sized projects are more attractive," the minister noted, "therefore, when forming the budget of the republic, we will pay more attention to the creation of industrial parks aimed at supporting small and medium-sized businesses."

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