On Monday, Rosatom announced that the Russian-Chinese Investment Fund for Regional Development will begin financing a project to extract uranium in the Trans-Baikal region in Russia.
The project is located in the southeastern region of Transbaikalia and has a 998 km border with China and an 868 km border with Mongolia.
The agreement was signed on March 12, 2018, and after the signing ceremony, Russian presidential advisor Sergei Glazyev said the deal would strengthen trade ties between Moscow and Beijing. “Both parties consider the project to be the first step in expanding cooperation. I think that the project is a breakthrough for the creation of mechanisms for joint investments in general, ”Glazyev told the media.
The new project is expected to cost approximately $ 330 million. The fund's first contribution is estimated at $ 43.9 million.
Russia and China will work on a joint project for the extraction of uranium
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Azovpromstal® 14 March 2018 г. 10:00 |
