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Friday 10 July 2009

Russia and China sign $100-billion deal of the century

Reading - Russia and China sign $100-billion deal of the centuryhttp://bit.ly/17RIPi

Former Communist foes, Russia and China, have signed mega deals worth about $100 billion after their presidents met at the Kremlin in Moscow this week.

"It is the largest deal that has ever been signed between the two countries," Russian news agency Pravda quoted Russian president Dmitry Medvedev as saying after his meeting with his Chinese counterpart Hu Jintao.

The two presidents signed a large package of documents, including those in the oil and gas industry.

"It became possible owing to the use of the mechanism that we invented with the leader of the People's Republic of China a year ago," Medvedev said.

continue reading - http://www.domain-b.com/economy/worldeconomy/20090620_dmitry_medvedev.html

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