Russian-Chinese economic agreements were signed in Moscow

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Russian-Chinese economic agreements were signed in Moscow, including 5G network development and nuclear power plant construction, scheduled for the meeting between Vladimir Putin’s Russian and Xin Chinese president Chi-ping on Wednesday.

The Russian MTSZ mobile operator and the Chinese Huawei telecom giant have signed an agreement on the development of new generation communications networks and the 5G pilot programs to be implemented this year and 2020 in Russia.
According to the MTSZ, under the agreement, the signed copies of which were exchanged between the parties in the Kremlin, in the presence of Vladimir Putin and Xi Chin-ping, will use 5G and “Internet of Things” (IoT) technologies on the Russian network. In addition, the Russian provider’s commercial LTE network is being upgraded to 5G ready with Huawei.
The Vedomosztyi Russian economic newspaper reported on Monday that Huawei had acquired the patents and development team of Vocord’s Russian face recognition system.
The Russian Federation announced that the Russian ASZE Engineering Company and CNNC China State Nuclear Power Group signed a main contract for the construction of the Russian-designed VVER-1200 type 3 and 4, to be built on the territory of the Chinese power plant in Xulaba (xudabaoi).
Alexey Lihacov, CEO of the Rohatom State Atomic Energy Group, said on the occasion of the signing: “The project at the new site has arrived today for the practical phase, taking into account the four newest, 3rd, China-based, contracts signed earlier in 2028 for the expansion of the Tienwan (Tianwani) nuclear power plant. We will build a + generation block “.
In March, the main contract for the construction of blocks 7 and 8 with VVER-1200, 3+-generation reactors on the territory of the Tienwan facility was signed in March. In Ho Chi Minh, the launch of the blocks is planned for 2027 and 2028 respectively.
Russia’s Direct Investment Fund, Mail.ru email provider, Megafon Russian mobile operator, and Alibaba Internet store in China have agreed to develop online trading in Russia and the CIS.
More than twenty documents on bilateral cooperation have been made on the occasion of Xi’s visit, which partly serves the development of the Russian Far East region, but includes, among others, the energy industry and vehicle manufacturing. The parties will further develop mutual settlements in national currency.

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