Ministry determined the amount of joint Fund

Moscow. November 17. The amount of funds created Russian-Chinese Foundation of agricultural development at the initial stage will amount to $3 billion, reported the press service of the Ministry of the Russian Federation on results of negotiations the Minister of the Russian Federation for Far East development Alexander Galushka, and Deputy head of the State Committee of China development and reform Cije Nina.

It is planned that with the support of the Fund, in particular, provided the agricultural products of the Russian Far East market Asia-Pacific countries.

The Foundation will assist interested organizations in attracting funding from Chinese banks, as well as the outlet on the stock exchange of China.

According to Galushka, the bilateral cooperation of Russia and China in the field of agriculture is a priority direction of interaction, and the agricultural complex of the region is an important part of the export and investment potential of the Far East.

In the announcement, the Minister noted a high degree of interest to potential Chinese investors in investing in this area.

In his opinion, the factors for intensifying cooperation in the field of agriculture, investment and foreign trade should be created by the territory of advanced development (TOR). Currently in law the received nine such areas, two of them TOR “Mikhailovskoye” in Primorsky Krai and THOR Belogorsk” in the Amur region – agricultural specialization.

Galushka also voiced the potential of the far Eastern agricultural projects presented to Russian and foreign investors during the Eastern economic forum in Vladivostok.

“This is the 81 projects for a total amount of 206 billion roubles. Projects have a broad specialisation: pig, poultry, vegetable growing, cattle breeding, processing of raw materials and production of finished food products, creation of industrial and logistics centers for storage and distribution of finished products. We are ready to offer these projects to the attention of foreign investors and will be happy to provide the necessary assistance in their implementation”, – said the head of Ministry.