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New Deal Sees Chinese Companies Relocating to Russian Far East

China is set to pierce a series of a enterprises to a Russian Far East, Russia’s Ministry for a Development of a Far East pronounced in a matter on Tuesday.

The probability of relocating certain Chinese enterprises was discussed during a new revisit of a ministry’s conduct Alexandr Galushka to Beijing, according to a matter published Tuesday.

China due relocating enterprises in 12 pivotal sectors of economy, including metallurgy, energy engineering, machinery, shipbuilding, chemical industry, weave industry, concrete industry, telecommunications and agriculture.

The enterprises will be eliminated in correspondence with Russian environmental regulations, a matter said.

The Russian side welcomed a Chinese initiative. “We are prepared to accept Chinese enterprises and settle corner export-oriented prolongation on a domain of a Far East,” method deputy Rustam Makarov was quoted as observant in a statement.

Russia started to boost a team-work with China after Western countries imposed sanctions on Moscow over a impasse in a Ukraine conflict.

At a finish of 2015, a Chinese association Sinopec bought a 10 percent interest in a Russian petrochemical association Sibur and a consortium of Chinese investors purchased a 13.3 percent share in a Bystrinsky bullion and copper plan of mining association Norilsk Nickel.

Article source: http://www.themoscowtimes.com/article/564862.html