Karen Hovsepyan, leader of the New Overland Grain Corridor initiative, announced the signing of a historic contract between Russia and China for the supply of grain commodities worth about $25.7 billion.
"Today we signed one of the largest contracts in the history of Russia and China for almost 2.5 trillion rubles ($25.7 billion) for 70 million tons for 12 years of grain, grain legumes, and oil cargo supply," Hovsepyan shared.
Hovsepyan announced the launch of the project in the near future. According to him, the agreement on "New Overland Grain Corridor" will be signed in the last days of November - early December at the meeting of heads of governments of Russia and China.
Thanks to the "Transbaikal grain terminal" the export of Russian grain to China will increase up to 8 million tons. Then it is planned to increase to 16 million tons due to the construction of new infrastructure.
Source: Business Online
"Today we signed one of the largest contracts in the history of Russia and China for almost 2.5 trillion rubles ($25.7 billion) for 70 million tons for 12 years of grain, grain legumes, and oil cargo supply," Hovsepyan shared.
Hovsepyan announced the launch of the project in the near future. According to him, the agreement on "New Overland Grain Corridor" will be signed in the last days of November - early December at the meeting of heads of governments of Russia and China.
Thanks to the "Transbaikal grain terminal" the export of Russian grain to China will increase up to 8 million tons. Then it is planned to increase to 16 million tons due to the construction of new infrastructure.
Source: Business Online