Vladimir Putin’s visit to Beijing culminated in the signing more than 30 agreements

Business results

Priority at the talks was paid to strengthening cooperation in the economic sphere, told about the content of the talks Vladimir Putin. He noted that turnover has decreased and with the President of China, they agreed to build it. The President reported that recently almost doubled sales in China of machinery and equipment from Russia. “We are very grateful to our Chinese friends, because the structure of our trade has always been in our attention,” — said Putin. 30% increase in agricultural deliveries to the Chinese market. Before the meeting of the leaders held a meeting sovmestnoi of the Commission on investment cooperation. The Commission selected 58 initiatives at $50 billion, of which 12 are in the implementation stage, Putin said.

At a briefing before the visit of presidential aide Yuri Ushakov has announced the signing of over 50 agreements, but warned that number may change as the negotiation went on until the last moment.

The leaders signed a cooperation agreement on joint development of wide-fuselage aircraft main and civil advanced heavy-lift helicopter.

The President of Russian Railways Oleg Belozerov has signed an agreement on comprehensive strategic cooperation between RZD and Chinese Railways. They also signed a framework agreement on the localization of production of high speed rolling stock in Russia.

Agreement to Finance a high-speed highway Moscow-Kazan was not signed. As previously mentioned , one of the contentious issues remained the state guarantees on the loan from Russia, which had originally expected China Development Bank. At the beginning of June the first Vice-President of Russian Railways Alexander Misharin said that such guarantees will not. Instead, the parties agreed on a subsidy that the SEC will receive from the budget, in case if the passenger traffic is less than forecast and the project will not reach self-sufficiency.

Belozerov said that during negotiations it was confirmed that the project is part of corridor Moscow-Beijing. “On financing, we must come to some decision before the end of the year. We agreed that the project can be implemented within the framework of the legislation on kontsessionnyh agreements, respectively, all that is necessary of a guarantee, or something else, we will continue to register”

Energy cooperation

The Chairman of the Board of NOVATEK Leonid Mikhelson signed an agreement to start with a sample of JSC Yamal LNG of credit funds, China development Bank and Export import Bank of China.

Chairman of the Board of Gazprom Alexey Miller signed a Memorandum of understanding on cooperation in the field of UGS and gas generation projects in China in the form of joint ventures.

Rosneft’s President Igor Sechin with the SinoPec signed a framework agreement to produce a joint pre-feasibility study proext construction, ownership and operation of the complex for the preparation and separation of fatty natural gas in Eastern Siberia. According to Sechin, the agreement provides for the choice of technology of processing of raw natural gas from its components in the polymers. It is supposed to create a joint venture “Rosneft” and Sinopec.

Rosneft also signed with the ChemChina contract on deliveries of ESPO oil for the period from 1 August 2016 to 3 July 2017.

Drummers joint meetings

Main events of the official visit of Vladimir Putin to China took place in the hall of the people in Tiananmen square in Beijing. The day began with the talks with Putin, Chairman of the standing Committee of vsekitajsky meeting of national representatives Zhang Dejiang, followed by a meeting with Primera of the state Council Li Ketsana.

Then the Chairman of the people’s Republic of China C. Tszinpin solemnly met the Russian President. The ceremony was attended by a guard of honor, the orchestra performed hymns and a few dozen preschool children with artificial flowers in his hands.

Zhang Dejiang at a meeting with Putin cited statistics: Chinese President XI Jinping meets with Putin more often than with other world leaders, and Putin just made 15 visits to China. Last year Putin and XI have met five times, most recently in November last year in Paris. This year they are up to this week is not met. However, in the last three days, they almost never parted. In Tashkent, where both participated in the summit of the Shanghai cooperation organization, they first held a meeting for a Threesome with President of Mongolia Tsakhiagiin Elbegdorj, and then discussed the work of the SCO together. This is in addition to participating in workshops and celebrations of the summit.

The Russian delegation at the talks in expanded format outnumbered the delegation of the owners, and unlike the PRC delegation was in the Russian representatives of big business. From the Russian side the talks were attended by 23 people, with the Chinese — 18. Moscow was represented by the head of the presidential administration Sergei Ivanov, Minister of foreign Affairs Sergey Lavrov, first Deputy Prime Minister Igor Shuvalov, three Deputy Prime Ministers, Olga Golodets, Dmitry Rogozin, Yuri Trutnev. Of the Ministers in Beijing with the President flew by the Minister of industry Denis Manturov, energy Minister Alexander Novak, Minister of agriculture Alexander Tkachev, Minister of economic development Alexei Ulyukayev.

The business idea of negotiations with the General Director of the Russian direct investment Fund Kirill Dmitriev, the Chairman of the Board “Gazprom” Alexey Millay, the President of “Rosneft” Igor Sechin, Gennady Timchenko, was present as Chairman of the Russian-Chinese business, Boris Titov as Chairman of the Russian-Chinese friendship Committee, former Secretary General of the SCO Dmitry Mezentsev also participated in the negotiations as Chairman of the Society of Russian-Chinese friendship.