China Development Bank to lend up to USD 10 Bln to Russia for Belt, Road and Arctic projects

GB Times. 13 June. 7 minute.
China Development Bank (CDB) will lend up to USD 10 Bln to Russia’s Vnesheconombank (VEB) for the funding of 70 projects to be undertaken as part of Beijing’s Belt and Road initiative and the Eurasian Economic Union (EAEU). The move follows up on a decision taken by the two countries to support the Chinese trade and infrastructure initiatives and seek an integration of the EAEU.
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