Russia and China discuss the possibility of involving Chinese companies in the construction and upgrading of power plants in the Russian Far East.
The Russian Finance Ministry has announced plans to “de-dollarize” by 2024, that is, to wean the country off US dollar dependence.
Russia and Uzbekistan have agreed to US$27 billion worth of investment deals with Russia at the first Russian-Uzbek Inter-regional Cooperation Forum, held last week in Tashkent.
Chinese companies are ready to deploy their own advanced technology, equipment, and engineering in the construction of infrastructure in Russia’s Far East.
Buoyed by an economy re-modelling itself after Western-imposed sanctions, Russia’s exports are expected to grow to US$250 billion by 2024.
Six years after international sanctions were imposed on Russia, once imported European gourmet foods are now being produced in Russia.
The Northern Sea Passage opens up a new Eurasian route; significant Chinese and Russian investment in ports along Russia’s arctic land mass support this.
Russia will launch four industrial and investment zones overseas as part of its Export Development Plan; the first such facility was set up near Port Said in Egypt.
China has held a Russian premiere at the Mariinsky Theatre in St.Petersburg of its opera “The Dawns Here Are Quiet”, adapted from a book by Boris Vasilyev.
Wealthy Russian nationals with money parked overseas are scrambling to find new homes for their wealth and business after a new round of sanctions get triggered in October.