Chinese and Russian financial institutions help companies to implement agricultural investment projects in Russia

　　China News Agency, Harbin, October 17 (Reporter Yifu Shi) The 2nd China-Russia Soybean Trade and Investment Matchmaking Conference and China-Russia Agricultural Finance and Insurance Seminar was held in Harbin on the 17th. Financial institutions of China and Russia assisted enterprises in financing and insurance Investment projects in Russia landed.

　　China is not only a major soybean producer, but also the largest importer and consumer. Soybean cooperation between China and Russia has complementary advantages, huge potential and broad development prospects.

　　Data show that in 2018, China imported 871,200 tons of soybeans from Russia, a record high; the import volume in 2019 was 732,500 tons, of which 254,100 tons were imported in the fourth quarter, an increase of 82.81% from the previous quarter.

　　According to Chinese statistics, from January to August this year, China imported 490,000 tons of soybeans from Russia, a year-on-year increase of 9%; and imported 216,000 tons of soybean oil from Russia, a year-on-year increase of 2.4 times.

　　In the context of the new crown pneumonia epidemic, it is not easy to achieve such results.

At the same time, Russian soybeans still account for less than 1% of China's total soybean imports, and the two sides have huge potential for future cooperation.

　　Financial support is an essential part of the development of Sino-Russian agricultural cooperation.

Since the first Sino-Russian Soybean Trade and Investment Matchmaking Conference was held, significant progress has been made in the communication mechanism of the soybean industry between the two parties, and positive progress has been made in financial and insurance services.

　　The Sino-Russian Agricultural Finance and Insurance Seminar invited financial institutions from both sides, such as the Foreign Trade Bank of Russia, the Solidarity Bank of Russia, the Export-Import Bank of China, China Export and Credit Insurance Corporation, and the Industrial Bank, to promote relevant policies and financial information in financing and insurance to help enterprises Investment projects in Russia landed.

　　Zhang Dong, deputy director of the Eurasian Department of the Ministry of Commerce of China, expressed the hope that Russia will introduce more preferential policies to provide more convenience for the entry of Chinese personnel, agricultural machinery and agricultural materials, and create a stable, transparent and predictable business environment.

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