BOFIT Weekly Review 2015/20
Russia and China conclude cooperation agreements during Xi Jinping’s visit to Moscow last week
Most of the agreements are very general in nature and their implementation will require long negotiations and agreement on details. Goals of the agreements include developing cooperation in the fields of finance, investment and production technology.
Russia hopes especially for investments and financing from China, which is ready to provide 300 billion rubles (€5.3 billion) in financing to build a high-speed rail connection between Moscow and Kazan. The rail project is part of a planned transportation corridor between Moscow and Beijing.
During the visit, the Eurasian Economic Union and China representatives said they were beginning wide-ranging negotiations on trade and economic cooperation. Such cooperation would include measures to facilitate trade other than the elimination of customs duties.