Alexey Chekunkov, CEO of Far East and Baikal Region Development Fund, says in a recently published article that Russia and China have common interests in the sphere of security, international relations, and cross-border cooperation.
Xi Jinping’s ambitious plan can speed up Russian economy’s transition to a post-industrial model.
Russia’s Far East and Baikal Region Development Fund wants to sign agreements with Chinese investors to establish two funds amounting to U.S. $1 billion each at a forum on May 14–15, Fund CEO Alexei Chekunkov told PRIME in an interview published on Friday. “We expect that it will be signed in May (at the forum). We have worked very hard, since long ago. It seems that a critical mass of will and comfort has been formed on both sides in order to launch both funds,” Chekunkov said.
Priority development area (PDA) Kamchatka will be extended for including coal project Tata. It was announced by Yuri Trutnev, Deputy Prime Minister of Russia and Presidential Envoy to the Far Eastern Federal District.
On November 16, Wang Xiangming, President of China State Construction Engineering Corporation Ltd. (CSCEC) met with Alexei Chekunkov, CEO of the Far East and Baikal Region Development Fund to discuss a potential cooperation project.
On November 16, 2016, Vice Chairman Xu Fushun met with Mr. Alexei Chekunkov, CEO of the Far East and Baikal Region Development Fund, Russia (FEDF).
In the new Russia Direct report, top experts explain why Russia needs to retool its approach to reinvigorating its Far East. They also give advice to potential foreign investors in the region.
CEO Alexei Chekunkov's remarks suggest that joint Russo-Japan development in the area could be desirable in moving toward a resolution over the dispute.
The Far East Development Fund will consider the opportunity of granting a loan totalling to 7 billion roubles to the Kolmar Coal Mining Company, which is implementing a project to increase coal production at the Chulmakanskoye and Denisovskoye fields and expand the current capacities of the Inaglinskiy Coal Complex in the territory of the Republic of Sakha (Yakutia).
Russia’s Far East Development Fund and China National Gold Group Corporation are discussing plans to create a joint investment fund to finance gold mining in eastern Russia, the head of the Russian fund said Friday.
MOSCOW (Sputnik) — Chinese investors have injected more than $1.9 billion in Russian Far East development projects, a source at the Russian Far East Development Ministry told Sputnik.