Rosselkhozbank and China Eximbank signed a cooperation agreement

October 13, 2014 in the framework of the 19th Regular Meeting of Heads of Government of the Russian Federation and the People's Republic of China signed an agreement on cooperation between OAO "Rosselkhozbank" and the Export-Import Bank of China.

The agreement provides credit lines of up to US $ 300 million for Agricultural Bank to finance projects and trade contracts in agriculture, as well as investment in infrastructure agriculture. In addition, loan funds may be used to finance projects related to cross-border trade in energy, machinery, electronics and high-tech equipment, as well as projects in the field of construction.

As pointed out the Prime Minister of the Russian Federation Dmitry Medvedev, the cooperation of Russia and China opens up new opportunities, which include mutual investment in agriculture and food production. "We are interested in attracting Chinese investment in agricultural projects in Siberia and the Far East. In turn, we, as the largest country with the largest reserves of arable land are able to supply food to the markets of China, especially the part that deals with agriculture products, "- stressed Dmitry Medvedev.