8 June 2016
At the Eastern Economic Forum in September 2016, the Russian-Chinese Fund for Agro-Industrial Development (RCFAD) will present the first projects it is to finance, said Head of the Ministry for the Development of Russian Far East Alexander Galushka in an interview for RIA Novosti.
“The first projects have already been prepared. About three to five of them are quite realistic, readier than others for a final review and disbursement of funds from the Russian-Chinese Fund for Agro-Industrial Development. These are projects in the Amur Region, Jewish Autonomous District and Primorye. It is important that, besides the money, the Chinese partners give Russian producers access to their extensive and very attractive market for agricultural products”, said the Minister.
The Fund is currently reviewing 27 projects in crop farming, animal husbandry and infrastructure, with total investments nearing RUB 200 bn. The first deals will reportedly be closed during the next three months.
Officials from the Ministry for the Development of Russian Far East also mentioned the already reached agreements with Chinese partners on RCFAD: “Late in May, an agreement was signed in Beijing between China’s biggest banks and corporations (in particular, the Agricultural Bank of China, Construction Bank of China, ICBC, Sinolight Corporation) for engagement within the framework of RCFAD projects. It was agreed that Russian agricultural companies would, for the first time, be allocated quotas for grain deliveries to China.”
The Russian-Chinese Fund for Agro-Industrial Development was co-founded by the Far East Development Foundation and MC of Asia-Pacific Food Fund (China), as part of agreements on joint development of crop production in the Far East achieved between the Ministry for the Development of Russian Far East and the State Committee of China for Development and Reforms.
At all stages, 90% of the Fund’s capital will be provided by Chinese investors and 10% by Russian ones.
28 March 2024
Great Bustard Exploring Kalmykia’s Steppe
The Ministry of Natural Resources and Ecology of the Russian Federation, VNII Ecologia, the Government of the Republic of Kalmykia, the Roscongress Foundation and Kamchatka Falcon Centre, with the participation of experts and foundations from the Gulf countries, continue to work on the implementation of the order of the President of the Russian Federation and the comprehensive action plan for the establishment of Russian centres for the reintroduction and conservation of falconiform birds in Kamchatka Territory and bustards in the Republic of Kalmykia.
17 April 2024
Amur Region Government Discusses Preparations for AmurExpo 2024
Members of the Amur Region government discussed preparations for the Russian-Chinese AmurExpoForum 2024, which will take place on 24–26 May on both banks of the Amur River. For the second year in a row, based on instructions from Russian President Vladimir Putin, the Forum will serve as an offsite platform of the Eastern Economic Forum. The Forum will be organized with the support of the Roscongress Foundation.
26 April 2024
Concerts by Denis Matsuev and jazz evenings will be held as part of the Vladivostok Seasons Festival at EEF 2024
Concerts by the Russian National Youth Symphony Orchestra and virtuoso pianist, People’s Artist of Russia Denis Matsuev will be held at the Vladivostok Seasons Culture Festival as part of the Eastern Economic Forum 2024. The Eastern Economic Forum 2024 is organized by the Roscongress Foundation.
