08:55 GMT +319 January 2018
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    A child holds the national flags of Russia and China prior to a welcoming ceremony for Russian President Vladimir Putin outside the Great Hall of the People in Beijing, China, June 25, 2016

    Chinese Business Seeks to Invest $3Bln in Projects in Russia’s Far East

    © REUTERS/ Kim Kyung-Hoon
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    Chinese investors have pledged to invest roughly $3 billion in a raft of projects in Russia’s Far East.

    VLADIVOSTOK (Sputnik) — Chinese investors have pledged to invest roughly $3 billion in a raft of projects in Russia’s Far East, specifically in the free port of Vladivostok, a Russian ministry said Monday.

    "As of today, Chinese investors have submitted over 20 investment projects to be implemented in the advanced development territories and in the free port of Vladivostok worth a total of $3 billion," the Ministry for the Far East’s Development announced.

    Nine Chinese companies filed a list of investment projects last month, indicating their interest in investing in Russia’s port and logistical infrastructure, as well as agriculture, natural resources extraction and processing.

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