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Russia's Sibur, China Development Bank, Silk Road Fund Sign Deal on Share Sales
Russia's Sibur, China Development Bank, Silk Road Fund Sign Deal on Share Sales
Sputnik International
Russian petrochemical leader Sibur Holding and China’s Silk Road Fund and China Development Bank signed a framework agreement Monday on the sale of share in... 07.11.2016, Sputnik International
2016-11-07T13:28+0000
2016-11-07T13:28+0000
2016-11-07T13:43+0000
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Russia's Sibur, China Development Bank, Silk Road Fund Sign Deal on Share Sales
13:28 GMT 07.11.2016 (Updated: 13:43 GMT 07.11.2016) Russian petrochemical leader Sibur Holding and China’s Silk Road Fund and China Development Bank signed a framework agreement Monday on the sale of share in the Russian company.
STRELNA (Sputnik) — Russian Prime Minister Dmitry Medvedev and Premier of the State Council of the People's Republic of China Li Keqiang took part in the signing ceremony.
In 2013, China's President Xi Jinping proposed the construction of a new Silk Road to facilitate the direct flow of goods from the Pacific Ocean to the Baltic Sea. The project is intended to connect China with Europe and strengthen economic ties between Asia, Europe and the Gulf states.