VEB plans to participate in setting up a trade and finance platform in South-East China

In the course of Russian President Vladimir Putin’s formal visit to the People’s Republic of China, Vnesheconombank, JSC the Russian Export Center (VEB Group), the leadership of Chinese People’s Guangdong Province and Sinotrans& CSC Group entered into a Memorandum of Understanding.

On behalf of Vnesheconombank, the Memorandum was signed by Chairman Vladimir Dmitriev, on behalf of JSC the Russian Export Center - by Director General Petr Fradkov, on behalf of Guangdong Province – by Governor Mr. Zhu Xiaodan and on behalf of Sinotrans& CSC Group–by Mr. Zhao Huxiang. Thesigning ceremonywas heldin the presence of Russian President Vladimir Putin and PRC President Xi Jinping.

Under the Memorandum, it is planned to set up a trade and finance platform in South-East China in the city of Shilong of Guangdong Province in order to enhance trade relations between the countries and promote Russian exports to Asian countries. The parties also intend to do their best to strengthen Russian-Chinese interaction, step up trade and economic cooperation between Russia and PRC and other countries of South-East Asia.

Guangdong Province is PRC’s strategically important center with a high concentration of trade and industrial parks as well as aterritorial anchor of a long-term macroeconomic Chinese Program “One Belt. One Road”. The program provides for creating a Trans-Eurasian industrial beltrunning throughout the length of the Great Silk Road from China to East Europe.

Press Office of VEB
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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