Russia and China to work on joint uranium mining project

Moscow – Rosatom announced on Monday that the Russia-China Investment Fund for Regional Development will kickstart the financing for a uranium mining project in Russia’s Zabaikalsky Territory.

Zabaikalsky is located in the southeastern region of Transbaikalia and has a 998-kilometre border with China and a 868-kilometre border with Mongolia.

According to state-owned website Sputnik, the agreement was signed on March 12, 2018, and following the signing ceremony, Russian Presidential Adviser Sergei Glazyev said the deal will strengthen commercial ties between Moscow and Beijing. “Both sides consider the project as the first step in widening cooperation.

I think that the project is a breakthrough for creating mechanisms for joint investments in general,” Glazyev told the media outlet. The new project is expected to cost about $330 million. The fund’s first contribution is estimated at $43.9 million.

"Monitoring Desk"


OPEC daily basket price stood at US$72.79
WeBOC system is a requirement of China-Pakistan Economic Corridor: Pakistan Customs
Pakistan seals $5 billion deal to buy eight Chinese attack submarines
Chinese envoy proposes trilateral China-Pakistan-India summit
ADM, Musanada complete phase 4 of infrastructure & internal roads project in Al Falah
India’s muscular China-Pakistan policy is the way to go, but prepare for turbulence
Malaysia reviews China infrastructure plans
World Bank approves debt for 400 MW of solar in Pakistan
China working with Iran despite US pressures: Chinese analyst
India should seriously consider limited war with Pakistan: BJP leader
EU takes China to WTO over technology transfer
Ghani discusses TTP leader’s death with Pakistan
Yunnan Academy of Social Sciences (YASS) to establish Pakistan Research Centre
Pak development assistance to Afghanistan reaches $1bn mark : envoy
Investors plan push into infrastructure despite falling valuations


About is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 


Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us