Russian Direct Investment Fund and China CCB signed an agreement on lending to Russian companies – RIA Novosti

MOSCOW, May 8 – RIA Novosti / Prime. Russian Direct Investment Fund, the Russian-Chinese Investment Fund (RKIF) and one of the largest banks in China China Construction Bank (CCB) signed an agreement on establishing a mechanism that will at times increase lending to Russian companies by Chinese banks.

The document was signed in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping.

As previously reported RIA Novosti head RFPI Kirill Dmitriev, we are talking about mechanisms for joint investments in debt instruments where RFPI with partners will “insure” the transaction. For example, a loan of 1.5 billion, of which 1.3 billion – a loan of Chinese banks, and 200 million is funding from the Russian Direct Investment Fund and partners, which is given at a slightly higher rate.

Within three years from the Chinese bank is expected to raise up to $ 20 billion in various projects of Russian companies. While actively worked for five projects. This leading industrial companies and a number of other – mainly export-oriented enterprises.

Dmitriev also reports that one of the projects – in the diamond industry – financing may be held later this year.