- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Japan Can Invest in Russia's Far East as Part of $110Bln Investment Plan

Subscribe
Russia’s Deputy Economic Development Minister Stanislav Voskresensky said that Japan can invest in Russia’s Far East as a part of its $110-billion plan to fund infrastructure projects in Asia.

The Rosneft pavilion at the 2015 St. Petersburg International Economic Forum - Sputnik International
Rosneft Urges Japanese Investors to Join Eastern Petrochemical Company
MOSCOW (Sputnik) – Japan can invest in Russia’s Far East as a part of its $110-billion plan to fund infrastructure projects in Asia, Russia’s Deputy Economic Development Minister Stanislav Voskresensky said Monday.

Voskresensky made this statement in a televised interview after meeting Hiroshi Watanabe, head of the Japan Bank for International Cooperation (JBIC), the export credit agency of the country's government.

"The head of the [JBIC] bank made it clear that this [investment opportunity] also concerns Russia and especially its Far East. Any interesting projects are eligible to claim the funds," Voskresensky told Rossiya-24 TV channel.

In May, Japan revealed its initiative to allocate $110 billion to infrastructure projects in Asia, inspired by the China's Silk Road project and the Asian Infrastructure and Investment Bank (AIIB).

Around $20 billion in investment funds will be allocated through Japanese financial agencies, including JBIC. In September, the bank announced that it would funnel $100 million in aid to develop the infrastructure of Russia's Vostochny Port on the Sea of Japan.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала