Russia proposes $20 billion in new investment projects with China

Six new projects, worth $20 billion

Six new projects, worth $20 billion in total, may soon be added to an already long list of Russia-China joint investment initiatives, Russia’s Ministry of Economic Development has revealed.

The proposal has been reviewed by a special working group, the Intergovernmental Russian-Chinese Commission for Investment Cooperation, which held its first meeting of the year on Thursday. The body considered proposals from companies responsible for the implementation of investment initiatives. One of the proposals included plans to build a gas and chemical facility in Russia’s Leningrad region.

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