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Fund for Development of the Far East expects Chinese investment in natural resources

Fund for Development of the Far East expects Chinese investment in natural resources

The Government intends to change the Fund orgformu the Far East and the Baikal region.

Moscow is not against the participation of Chinese investors in the extraction of mineral resources in Russia - these topics discussed First Deputy Prime Minister Igor Shuvalov in an interview with Chinese media ahead of the visit of the representatives of the Russian authorities and business in the PRC.

Fund for Development of the Far East and the Baikal region - a subsidiary of Vnesheconombank, registered as a joint stock company, the ITAR-TASS news agency. "Maybe we'll have the organizational form of the fund change" - Shuvalov said, explaining that the Company can fund projects only on the basis of recoveries, but not all of the projects in the Far East may be commercial.

"For some projects will have to provide the capital costs as low, but came out of the budget system" - Said the first deputy chairman of the government, saying that it could be, for example, a grant to create the necessary infrastructure in the region.

Shuvalov said that this year the Foundation for Development of the Far East and the Baikal region after the capital increase by 15 billion rubles in 2012 began to work seriously and search for specific projects to be financed.

Russia plans to offer Chinese investors a number of joint projects, including ready to discuss the participation of Chinese capital in the extraction of mineral resources in Russia.

According to his estimates, the level of investment cooperation between Russia and China now does not match the capabilities and needs to step up, not only in the energy sector.

First Deputy Prime Minister said that during the visit, which begins on April 15 the Russian delegation will present a number of projects, the implementation of which is ready to attract Chinese investors. In addition, the delegation will meet with the new leadership of the Republic.

First Deputy Prime Minister assured that Russia views as Chinese investors sought after and are hoping for the same relation to Russian investors in China. In particular, investors are interested in the possibility of Russian participation in the refining and retailing of petroleum products in China, reports "Interfax".

In turn, Russia is ready to attract Chinese investors to projects in the Far East. "A month ago, I heard more fear on the part of special bodies and ministries that it is better that there were only Russian investors, because it is a strategic interest. Today this approach is not, and even when we are discussing the company engaged in the extraction of mineral resources, we are ready to invite Chinese investors in such joint projects " , - Said Igor Shuvalov.

Опубликовано:   11-04-2013, 09:50      |      Категория:  eng news

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