(MENAFN) Russia and China signed a USD25 billion deal to boost Chinese lending to Russian firms and a host of other accords deepening economic cooperation, Arab News reported.
Russian President and Chinese leader hailed their countries' improving relationship after Kremlin talks and a signing ceremony on the eve of a military parade marking the end of World War Two in Europe.
Last May they agreed a USD400-billion deal for Russia to supply China with 38 billion cubic meters (bcm) of gas annually from 2018 for 30 years. Russian firms could receive up to USD25 billion over the next three years.
The sides agreed to launch a USD2 billion investment fund targeting agricultural projects and signed a deal for Russia's Sberbank to open a USD966 million credit line with China Development Bank.
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