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Aims to sign $ 5.5 b deals:
Putin to visit China
RUSSIA: Russian firms plan to sign over $5.5 billion worth of deals
with their Chinese partners during the visit of Prime Minister Vladimir
Putin to Beijing next week, Putin's deputy told Reuters in an interview.
The 34 deals will range from a $500 million loan agreement between
China's Development Bank and its Russian equivalent VEB to joint
projects in transport, infrastructure, construction and mineral
extraction, a draft list obtained by Reuters showed.
Russia's trade with China soared to $56 billion in 2008 from $9.3
billion in 2002. The share of oil in Russia's exports stands at 56
percent, metals at 5 percent while the share of machinery stands at 4.4
percent.
"We cannot be satisfied. Unfortunately the share of machinery and
equipment in our exports is too low, although it has recently started
growing again," Deputy Prime Minister Alexander Zhukov told Reuters late
on Wednesday.
MOSCOW, Friday, Reuters
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