Chinese investors are actively participating in Russian projects, and there is no recommendation on the part of the Russian government to limit Chinese investments.
This was stated by the head of Department for control of foreign investments of the Russian Federal Antimonopoly Service (FAS), Andrey Yunak, within the framework of the conference “Investment Climate in Russia in The Period of Global Economic Turbulence”, which was organized by Kommersant publishing house.
“Moreover, I said that one of the deals that we agreed was the Fund of the “Silk Road”. Chinese investors are showing unprecedented activity in recent times, willing to come here,” said Yunak.
As a reference, in late January, SIBUR has closed the sale of 10% of the assets to the “Silk Road” Fund.
On 14 December, 2016, the shareholders of gas processing and petrochemicals group SIBUR and the representatives of the Chinese investment fund of the “Silk Road” have signed the documents on acquisition by the Fund of 10% stake in SIBUR. The “Silk Road” Fund is a financial investor and will be able to nominate its representative to SIBUR’s Board of Directors.