MOSCOW, September 9 (RIA Novosti) - The newly established Russian-Chinese investment cooperation commission discussed 32 bilateral investment projects during its first meeting on Tuesday, Russia's first Deputy Prime Minister Igor Shuvalov said.
“[The projects] are related to transport infrastructure, petrochemical complexes, the extraction, processing and delivery of natural resources through the Far East region and development of the agricultural sector,” Shuvalov told reporters.
According to the Russian deputy prime minister, the projects' cost ranges from hundreds of millions to around a billion dollars.
Other measures to strengthen Russian-Chinese collaboration were also discussed.
“We talked about the infrastructure of investment cooperation, expanding trade in rubles and yen, banking cooperation, the possibility of Russian companies opening accounts and being issued loans from Chinese banks, as well as the possibility of facilitating Chinese companies’ access to Russian banks,” Shuvalov said.
The initiative to create a bilateral commission was put forward following talks between Russia’s and China’s leaders in May. It was officially established on Tuesday. The commission is led by Shuvalov and his Chinese counterpart, Vice Premier of China’s State Council Zhang Gaoli.