On August 8 in Moscow, the Russia-China Regional Development Investment Fund Parent Company (RDIF) and Rusatom Overseas (Rosatom State Atomic Energy Corporation subsidiary) signed the Memorandum of Understanding.
On behalf of the Russian Party, the document was signed by Evgeny Parkermanov, President of Rusatom Overseas, and on behalf of the Chinese Party – by Wang Feng, Chairman of RDIF. The signing took place in the presence of Sergey Glazyev, Regional Economic Integration Advisor to the President of the Russian Federation, and Kirill Komarov, First Deputy Director General for Corporate Development and International Business of Rosatom.
The Memorandum is aimed at mutually beneficial cooperation on the development and financial support of joint nuclear activities, in particular, the partnership in construction of Russian-design NPPs in third countries, production and processing of mineral raw materials for Russian nuclear industry, and other innovative developments.
“This Memorandum is an important step in streamlining cooperation between the two countries, and we intend to enhance every aspect of it even further,” pointed out Evgeny Pakermanov, President of Rusatom Overseas.
“Russia and China are fast-growing markets with broad investment opportunities. Establishment of the Fund brings trade and economic relations between the two countries on a brand new level. The decision to open Russia to Chinese investors proved its worth for Russian economy,” said Wang Feng, Chairman of RDIF.
The Parties have also agreed to develop an accurate and transparent mechanism for using investments.
For reference:
Rusatom Overseas is a subsidiary of Rosatom State Atomic Energy Corporation responsible for the promotion of Rosatom’s NPP and CNST integrated offers on international markets. The Company’s key objectives are to grow the international projects portfolio of Rosatom and its subsidiaries and maintain Russia’s global nuclear leadership.
The Russia-China Regional Development Investment Fund (RDIF) was established in 2017 to develop and broaden trade and economic partnership between the two countries. RDIF, along with leading world investors, makes direct investments into leading and perspective Russian companies. RDIF Parent Company is registered in Moscow.