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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.
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 ...
China also wanted to be the location of the reserve. [45] In October 2013, Russia's Finance Minister Anton Siluanov said that creating a $100 billion in funds designated to steady currency markets would be taken in early 2014. The Brazilian finance minister, Guido Mantega, confirmed that the fund would be created by March 2014. [46]
Even though Russian aluminum amounts to less than 6% of global supply, Russian aluminum now constitutes a disproportionate 90% of the London Metals Exchange backlog, because Russia is desperately ...
The People's Bank of China and the National Financial Regulatory Administration, China's top banking regulator, didn't immediately respond to Reuters' requests for comments.
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.
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 ...
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.