Russia and China will create a new fund for the development of new technologies
US administration declaring trade war to China and conducting policies strengthening sanctions against Russia, created ideal conditions for their rapprochement in all areas - military, political and economic.
In Moscow, in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping, Russian Economic Development Minister Maxim Oreshkin and the Minister of Science and equipment China's Wang Zhigang signed a memorandum on the establishment of a venture capital fund. It is reported TASS.
The capital of the Russian-Chinese fund will be $ 1 billion. The fund will be used to create, develop and introduce new technologies in the most important sectors of the economy.
Under the terms of the contract, the fund will last eight years with the possibility of extending it twice for two years.
The RF Ministry of Economic Development noted that investments in one project are limited and will not exceed 15% of the authorized capital of the new structure.
The joint venture fund will pay special attention to the promotion and implementation of joint innovative solutions in small and medium-sized enterprises.
Donors of the new financial and investment institution will be the Russian Direct Investment Fund and CIC (China Investment Corporation).
In Moscow, in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping, Russian Economic Development Minister Maxim Oreshkin and the Minister of Science and equipment China's Wang Zhigang signed a memorandum on the establishment of a venture capital fund. It is reported TASS.
The capital of the Russian-Chinese fund will be $ 1 billion. The fund will be used to create, develop and introduce new technologies in the most important sectors of the economy.
Under the terms of the contract, the fund will last eight years with the possibility of extending it twice for two years.
The RF Ministry of Economic Development noted that investments in one project are limited and will not exceed 15% of the authorized capital of the new structure.
The joint venture fund will pay special attention to the promotion and implementation of joint innovative solutions in small and medium-sized enterprises.
Donors of the new financial and investment institution will be the Russian Direct Investment Fund and CIC (China Investment Corporation).
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