Russia, China sign nine deals, including on rabbits

Moscow, March 22 : Russian Deputy Prime Minister Dmitry Rogozin and his Chinese counterpart Wang Yang signed nine economic agreements in Moscow Friday, including on cooperation in banking, energy and rabbit husbandry.

The Kostroma region-based company Russky Krolik (Russian Rabbit) now has a new partner in Beijing, and the agriculture ministries of both countries will be working together to develop the fine art of cuniculture, or breeding rabbits, according to the deal package.

Russian petrochemicals company Sintez Group signed an agreement on cooperation with State Grid Corporation of China, while En+ Group, controlled by Oleg Deripaska, agreed to work with China Development Bank and the state-run Shenhua Overseas Development and Investment Co. Ltd in the coal industry.

China Development Bank also signed an agreement with MBC Corporation managing company on principles of financial cooperation. Russia and China will also launch joint production of heavy drilling rigs, according to a deal between Russia's Uralvagonzavod corporation and VTB Leasing company and China's Honghua Group.

VTB Leasing's owner, the state-run VTB bank, will be working with China Construction Bank, and Rosgosstrakh insurer with China's Chengdong Investment Corporation.

Finally, Export Insurance Agency of Russia and China Export and Credit Insurance Corporation signed a deal on facultative reinsurance. The deals were signed ahead of the new Chinese President Xi Jinping's three-day visit to Russia, which begins Friday and will be his first foreign trip since assuming office March 14.

--IANS (Posted on 22-03-2013)

world-news headlines

China's home price growth decelerates

Lamar Odom joins New York Knicks for final match

'Nervous' England should stick with Giles despite miserable World T20 campaign: Mickey Arthur

Female students kidnapped by Islamic militants in Nigeria set free

Nicolas Anelka may face FIFA probe for dodging Atletico Mineiro move

Kate Upton 'uncomfortable running around in bikini'

Catherine Zeta-Jones and Michael Douglas walk first red carpet post split

Argentina's 'Josef Fritzl' fathered 5 kids with captive daughter

Six months off from football may not be enough to heal players' head injury

Susie Wolff waiting to become first woman in 22 years in F1 weekend line-up

Wu-Tang Clan rapper cuts off own penis in suicide attempt

Hamilton hoping to race 'faster, noisier' F1 cars in future

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top