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05.06 The Russian Stock Exchanges Will Overtake World Boards
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28.05 Foreign Investments into Russia Cut in Third for a Quarter
27.05 The External Economic Bank (Vnesheconombank) Alters Stocking Geography
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Financial news
Russia and China Have Signed the Oil Agreement
21 апреля 2009 г.
Russia and China today have signed the intergovernmental cooperation agreement in the oil area, providing long-term deliveries of oil under credit conditions convenient to both sides.
In ceremony of signing of the document which took place in the House of national assemblies, from the Russian side vice-premier of the Russian Federation Mr. Igor Sechin took part, from the Chinese side the document was signed by the vice-premier of the State Council of Peoples Republic of China Mr. Wang Qishan.
This February in Beijign there has been held negotiations where the given agreement has been initiated. Also there have been co-ordinated a number of documents which stipulate that deliveries of oil to China and construction of branch from an oil pipeline « Eastern Siberia — Pacific ocean » (ESPO) would be carried out. Under given agreements "Rosneft" and "Transneft" would receive from the Peoples Republic of China credits of $15 bln and $10 bln accordingly.
Russia will deliver to China on ВСТО 15 million tons of oil annually within 20 years, since 2011.
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Dmitry Medvedev addressed the St Petersburg International Economic Forum's plenary session
Mr. Kudrin: Bank Recapitalization Should Resist the Second Surge of Crisis
Mr. Kudrin: the Dollar Exchange Rate Will Exceed 30 Roubles
Mr. Medvedev Considers Inflation to be the Main Problem of Russia
