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The Russia-China Investment Fund (Russian: Российско-Китайский Инвестиционный Фонд, Chinese: 中俄投资基金), abbreviated as the RCIF (РКИФ), is a bilateral cooperation fund created by the Russian Direct Investment Fund and the China Investment Corporation to invest in opportunities linking Russia, the Commonwealth of Independent States, and China.
The multipolar [4] grouping [5] [6] evolved diplomatically, [7] geopolitically [8] and geoeconomically, [8] with their governments meeting annually at formal summits and coordinating multilateral policies since the founding countries of Brazil, Russia, India, and China held the first leaders summit in Russia in 2009 under the name BRIC.
In June 2012, RDIF and China Investment Corporation (CIC) established the Russian-Chinese Investment Fund. [2] On 2 June 2016, President of the Russian Federation Vladimir Putin signed Federal Law on the Russian Direct Investment Fund changing the status of RDIF. According to the law, RDIF became the sovereign wealth fund of the Russian ...
Russia-China trade via the Arctic Ocean’s Northern Sea Route between Europe and Asia is also on the rise. At least 11 ships transported Russian crude oil to China via the route in 2023; in 2022 ...
The China-Eurasia Economic Cooperation Fund (CEECF) is a Chinese state-backed investment fund created to invest in projects in One Belt, One Road countries. Investments [ edit ]
Putin confirmed the deal to supply 10 billion cubic metres (353 billion square feet) of gas per year to China, which is the world's biggest energy consumer, from Russia's Far East via a new ...
China and Russia do, however, differ on some policies. China does not recognize Russia's annexation of Crimea, [26]: 4 and Russia does not support China's claims in the South China Sea [citation needed]. Nevertheless, China and Russia currently enjoy the best relations they have had since the late 1950s.
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