Contents tagged with China
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Kyiv: China is ready to invest $10 billion in Ukraine
Representatives of the Ukrainian President's Office held a meeting with Chinese investors who are ready to invest $10 billion in the projects in Ukraine, reads the statement of the Press Service of the Ukrainian President.
Ukrainian President Volodymyr Zelensky suggested that representatives of Chinese business invest in infrastructure development, including concession construction of the road around Kyiv, agriculture, and development of gas fields.
"The participants of the meeting made a …
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Venezuelan military exercises to involve Russian equipment
Russian-produced military equipment will be used in Venezuela’s upcoming military drills, Russian Deputy Foreign Minister Sergey Ryabkov told the press.
“To a large extent, the weaponry and military equipment in Venezuela and in the possession of the Bolivarian Armed Forces is Russian-produced equipment, and so it simply cannot be done any other way,” Ryabkov explained in response to reporters’ questions.
The deputy foreign minister said that he does not know whether Venezuela has military …
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Huawei takes aim at Russian technology and IT companies
The Chinese corporation Huawei is engaged in negotiations with several Russian companies concerning the acquisition of businesses, the founding of joint enterprises and the use of their technologies. Offers have been received by the developer of the “Elbrus” processors, the creator of the line of Alt Linux operating systems, and a company that provides information security and network monitoring systems.
According to RBC, the Chinese manufacturer has become more active on the Russian market in …
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Russian Kalibr missile-armed frigate enters Cuba
The Russian naval frigate “Admiral Gorshkov” has entered the port in the Cuban capital of Havana, the Russian Defense Ministry announced on its website.
The frigate arrived with a detachment of other ships and auxiliary vessels from Russia’s North Fleet, and will remain there until 26 June. The detachment commander will meet with the leaders of the Cuban Armed Forces, visit museums and take tours. There are also plans for Russian Ambassador to Cuba Andrei Guskov to visit the Admiral Gorshkov. …
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Russian banks blacklisted by China
Russian officials’ hopes of redirecting the country’s economic policy toward the East and overcoming Western sanctions with China’s help continue to be dashed against a harsh reality, finanz.ru reports.
Although it has been nearly five years since the US and EU first imposed sanctions on Russia, Moscow has not yet managed to reach a trade and settlement agreement with Beijing.
Chinese banks are still delaying payments in connection with US sanctions, said Boris Titov, Russia’s Presidential …
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Belarusian government faces problems with $600 million loan from Russia
Belarus has had problems arranging a $600 million government loan from Russia, said Belarusian Finance Minister Maxim Yermolovich, as cited by BelTA.
The finance minister explained that Minsk had planned to repay its foreign debts this year using a $600 million loan from the Russian government, a $200 million tranche from the Eurasian Stabilization and Development Fund, a $700 million budget surplus, and funds borrowed on the internal market.
“In principle, it was enough to completely close …
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Russia offers China operating system for Huawei
Russian officials have suggested that the Chinese cellphone company Huawei replace Google’s Android OS with the Aurora OS developed in Russia, reports the Bell citing two informed sources.
The idea was brought up shortly before the start of the St. Petersburg International Economic Forum in a meeting between Huawei Chief Executive Director Guo Ping and Russian Minister of Digital Development and Communications Konstantin Noskov, and was later discussed at meetings between Vladimir Putin and Xi …
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China requests more than 50,000 hectares for soy plantations in Russia’s Primorsky Krai
The Chinese company Joyvio Beidahuang Agricultural Holdings wants to grow soy in Russia’s Primorsky Krai, announced Alexei Chekunkov, director of Russia’s Far East Development Fund.
JBA is a joint enterprise between Legend Holdings Joyvio Group and the Chinese state-owned Jiusan Grain and Oil Industry Group, and is interested in using Russian land for soy plantations.
The Chinese investors have already registered a Russian subsidiary, LegendAgro Holdings, which has leased 3,500 hectares in …
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Huawei to develop a 5G network in Russia
The Chinese company Huawei and Russian largest mobile operator MTS signed an agreement on the development of 5G technologies and pilot launches of fifth-generation communication networks in Russia in 2019-2020, reports RBC news agency with a reference to a press-service of MTS.
The agreement was concluded in the Kremlin in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping.
Two companies plan to introduce 5G and IoT (Internet of Things) technologies and …
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Chinese investors flee Russia
China is continuing to reduce its investments in Russia, despite Russian officials’ attempts to bring the country’s economic policy back to the East, finanz.ru reports.
By the end of 2018, China’s total direct investments in Russia had fallen by 24%, from $3.59 billion to $2.62 billion, according to statistics published by the Bank of Russia on 30 May.
Over the year, Chinese investors withdrew another $969 million from the real sector of the economy. 80% of this amount, $774 million, resulted …