Russian Federation

Medvedev and Hu do deals


Published

President Dmitry Medvedev of Russia and President Hu Jintao of China signed a series of deals yesterday during a four day visit by the Chinese leader.

The major deal included increased natural gas deliveries from Russia to China across two pipelines, 38 billion cubic metres via the Pacific coast and another 30 billion cubic metres via Central Asia. The contract is likely to extend for up to 30 years.

Other deals completed covered joint ventures in banking, electricity, mining and high tech research.

The visit and agreements reached signal closer trading ties between the two countries at a time when arguments continue between Russia and Europe & the US.

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