Whilst attaching utmost importance to the monitoring of current trends in the global economic and financial system, to initiation of international infrastructure projects, and also to expansion of efficient technologies in today’s rapidly changing environment, on November 27, 2015, the Financial and Banking Association of the Participating Countries of the Shanghai Cooperation (FBA CS) and Russia-China Strategic Investment Fund (RCSIF) Group of Companies signed in Moscow a memorandum of cooperation.

In signing the Memorandum, the parties proceeded from the fact that the framework of this Memorandum will span issues related to cooperation in the fields of innovation, industry, energy, transport, telecommunications and data transmission, development and liberalisation of trade and economic, and other relations that will contribute to the creation of favorable economic and legal environment in order to attract investments in these fields.

The memorandum was signed by the General Director of FBA CS Mr Oleg Berezovoy (pictured left) and the Managing director of RCSIF Mr Alexey Posternak (pictured right).