Russia and China are forging the financial infrastructure needed for greater cross-border investment and inking some landmark deals, but slowing growth is dragging out negotiations on some projects.
The milestones passed in recent months include the first equity investment by a Russian state-owned entity, Rosneft in a Chinese state-owned enterprise, ChinaChem, and the first Chinese bank loan to a Russian company, MTS, in renminbi.
“There are lots of promising projects in the pipeline with China such as in the power sector, which is quite natural,” Russia’s president Vladimir Putin told the audience at an investment forum organised by VTB Capital in Moscow in October....
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