China and Russia signed more than 30 cooperation documents in energy, investment, finance, high technology and other areas during the 20th China-Russia Prime Ministers’ Regular Meeting on Thursday [17 December 2015]. Energy giants Sinopec and Rosneft signed an MOU on oil and gas projects in eastern Siberia while CNPC and Gazprom inked an agreement on the design and construction of the cross-border section of China-Russia east-route natural gas pipeline. China Development Bank and Russia’s state corporation Vnesheconombank (VEB) also signed an agreement on a 10 billion yuan (1.56 billion U.S. dollars) loan…Full Article: Xinhua Dec 2015

Key Point

  • Russia and China signed quarantine inspection agreements on Russian exports of wheat, corn, rice, and soybeans.

ChinaAg Comments

  • In October 2015, China’s Food Conglomerate, COFCO Group, announced plans to construct two warehouses (100,000 MT capacity each) in Russia’s Far East. COFCO was interested in constructing the warehouses in Russia’s Mikhailovsky priority development territory located in southern Primorsky Krai.
  • In June 2015, China announced it would start the construction of a joint Chinese-Russian livestock agricultural complex in Heilongjiang province. The agricultural complex will developed by China’s Zhongding Dairy Farming and Russia’s Severny Bur, with approximately 100,000 ha of Russian and Chinese land to be used to grow animal feed. Russia’s Primorsky Krai borders China’s Heilongjiang province.
  • In June 2015, a Zhejiang-based company was granted permission to lease 115,000 hectares of uncultivated land in Russia’s Transbaikal region (i.e. Zabaykalsky Krai). The Chinese company plans to use the land to grow vegetables, wheat, and other agricultural commodities, as well as raise livestock.
  • In 2004, the Sino-Russian agricultural joint venture “Armada” was established. The agricultural JV covered an area of 40,000 hectares in Russia’s Primorsky Krai region.

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