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Russia's Sibur, China Development Bank, Silk Road Fund Sign Deal on Share Sales

Sputnik International

Russian petrochemical leader Sibur Holding and China’s Silk Road Fund and China Development Bank signed a framework agreement Monday on the sale of share in... 07.11.2016, Sputnik International

2016-11-07T13:28+0000

2016-11-07T13:43+0000

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Russia's Sibur, China Development Bank, Silk Road Fund Sign Deal on Share Sales

13:28 GMT 07.11.2016 (Updated: 13:43 GMT 07.11.2016)

© Sputnik / Sergey Guneev / Go to the mediabankRussian petrochemical leader Sibur Holding and China’s Silk Road Fund and China Development Bank signed a framework agreement Monday on the sale of share in the Russian company.

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Russian petrochemical leader Sibur Holding and China’s Silk Road Fund and China Development Bank signed a framework agreement Monday on the sale of share in the Russian company.

President Vladimir Putin meets with Chinese President Xi Jinping - Sputnik International

China's New Silk Road Accelerates Sino-Russian Rapprochement

4 August 2016, 14:14 GMT

STRELNA (Sputnik) — Russian Prime Minister Dmitry Medvedev and Premier of the State Council of the People's Republic of China Li Keqiang took part in the signing ceremony.

In 2013, China's President Xi Jinping proposed the construction of a new Silk Road to facilitate the direct flow of goods from the Pacific Ocean to the Baltic Sea. The project is intended to connect China with Europe and strengthen economic ties between Asia, Europe and the Gulf states.