Russian Investment Fund to Strike First Non-Dollar Deals With China in 2019 | WHAT REALLY HAPPENED


Russian Investment Fund to Strike First Non-Dollar Deals With China in 2019

Head of the Russian Direct Investment Fund Kirill Dmitriev said Wednesday that the fund was intending to start using national currencies in its transactions with China.

"The first deals will be [conducted in national currencies] in the beginning of the next year. We have an agreement with the China Development Bank on a large fund in Chinese yuans worth of $10 billion. Recently, we have launched a regional fund in Chinese yuans jointly with the Heilongjiang province. It has already started examining projects and we expect first investment in the near future," Dmitriev said at the Eastern Economic Forum.

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