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VEB, RDIF and the China-Eurasian Economic Cooperation Fund intend to invest in projects in the Eurasian region

17 december 2015 года
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In the course of the 20th regular meeting of Russian and Chinese heads of government in Beijing, Vnesheconombank, the Russian Direct Investment Fund (VEB Group) and the China-Eurasian Economic Cooperation Fund entered into an agreement on cooperation.

On behalf of Vnesheconombank the agreement was signed by RDIF Director General Kirill Dmitriev and on behalf of the Chinese side by the Fund’s Director Yuan Jinong. The signing ceremony was held in the presence of Russian Prime Minister Dmitry Medvedev and Premier of China’s State Council Li Keqiang.

Under the agreement the parties intend to enhance cooperation in co-funding projects that help to strengthen trade and economic ties between the Eurasian region and China.

The parties decided to give high priority to joint implementation of investment projects designed to develop industrial sector, transport infrastructure, power engineering as well as to projects in energy efficiency and sustainable development aimed at improving environmental and social conditions.

The China-Eurasian Economic Cooperation Fund (CEF) was established in 2014, its shareholders are the Bank of China and the Eximbank of China. CEF’s capital amounts to 5 billion US dollars. Direct investments in the Eurasian region are to be made in the amount of up to 150 million US dollars.


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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