You're reading: Financial Times: Russia and China quietly build business bonds

Financial Times: Russia and China quietly build business bonds

Published Sept. 24, 2017 at 5:51 pm

Russian President Vladimir Putin (R) awards Chinese leader Xi Jinping the Order of St. Andrew the Apostle the First-Called during a ceremony at the Kremlin in Moscow on July 4.

Photo by AFP

There has been no shortage of big investment promises each time a Chinese government delegation has visited Moscow in recent years, but concrete deals have often been lacking.

So the $9.1bn stumped up by CEFC China Energy this month for a 14.16 per cent stake in Russian oil producer Rosneft was a welcome surprise for those keen for China to become a big investor in Russia.