Solid Bank has joined the implementation of the Long-Term Savings Program

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Solid Bank, together with its partner JSC NPF GAZFOND Pension Savings, has launched a unique savings product – the Long-Term Savings Program. The program was developed by the Bank of Russia and the Ministry of Finance on behalf of the President of the Russian Federation. With it, citizens will be able to create capital or a financial cushion with state support. Savings are formed through personal contributions, state co-financing and the fund’s investment income.

The long-term savings program has the following benefits for depositors:

• State support in the form of cash contributions of up to 36,000₽/year for 10 years.

• Possibility of receiving a tax deduction in the amount of 13%-22% of the amount of contributions paid, not exceeding 400,000₽/year. That is, the client can receive about 52,000-88,000₽/year. This depends on the annual income of the depositor and the personal income tax rate applied to his income.

• Savings are insured by the Deposit Insurance Agency. Personal savings contributions and investment income on them are insured in the amount of up to 2.8 million ₽. And pension savings transferred from the OPS, additional incentive contributions (state co-financing) and investment income on these funds are fully insured, without any limitation on the amount.

• There are no mandatory contributions – replenishment is optional.

• Payments are not taxed if the contract was in effect for at least 5 years, the participant had no more than 3 contracts at the same time, the amount of payments exceeds the amount of contributions by no more than 30 million ₽ for each contract in each tax period.

• Low risk level.

• Legal protection from claims of third parties.

• Possibility to appoint a successor.

• A minimum guaranteed return is established for the first 3 years of the contract.

• Possibility of transferring pension savings under the OPS to the PDS.

Who is eligible for the program?

The program is available for all ages: from youth to seniors, from 18 to 69 years old.

What purposes is the program suitable for?

• Creating capital for future large purchases or a financial cushion.

• Increase your existing capital with minimal risks.

• Investing with minimal risks.

• Protection of savings with minimal risks.

• Ensuring financial stability now or in the future.

How does the program work?

– You need to make a down payment of 30,000₽.

– You can top up your account at any time with an amount from 1000₽.

– You receive state co-financing – 36,000₽/year.

– Apply for and receive additional tax benefits.

– Choose a payment format that is convenient for you – one-time or regular.

For the convenience of clients, online services have been developed that allow you to track the status of your account in the PDS, top it up without a commission via the SBP, and receive the necessary package for processing a tax deduction.

For detailed consultation and registration, please contact Solid Bank offices.

Registration of PDS is available throughout the Bank's network in: Almetyevsk, Blagoveshchensk, Vladivostok, Yekaterinburg, Elizovo, Izhevsk, Irkutsk, Kazan, Krasnoyarsk, Moscow, Novosibirsk, Petropavlovsk-Kamchatsky, St. Petersburg, Tula, Ufa, Khabarovsk, Yakutsk.

 

JSC Solid Bank. General license of the Central Bank of the Russian Federation No. 1329.

VBV. SOLIDBANK.ru

8 800 775 56 06 (free call within Russia)

Share the news on social networks

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

07/16/2025 the site may be unavailable in the first half of the day Vladivostok time due to an update

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

We inform you that on 16.07.2025 the bank's websiteVBV. SOLIDBANK.rumay be unavailable for approximately 3 to 72 hours – technical work is being carried out to update the official website of JSC Solid Bank.

For any information about the bank's products, we recommend that you contact the Bank's toll-free hotline: 88007755606.

We also recommend that you save tabs with links to Internet banking and install the SolidPAY mobile application:

Solidpay 

bank2 for legal entitieshttps://ib.solidbank.ru:8443/ibank2/

We apologize for the inconvenience! We strive to become better for you!

Share the news on social networks

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

State Duma deputies supported the bill "on platforms"

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

The State Duma considered draft federal laws on regulating the platform economy and changes to industry laws in connection with the introduction of new requirements. Deputies discussed the balance of interests of participants in legal relations, the nuances of regulation, and liability for violating the provisions of the future law. Parliamentarians supported the adoption of the bills in the first reading.

The key discussion took place in the Economic Policy Committee chaired by Maxim Topilin. The main provisions of the draft law were presented by the Minister of Economic Development of Russia Maxim Reshetnikov. According to him, the platform economy is developing rapidly: in the last 4 years alone, online sales have grown 4 times, and 80% of Internet users regularly place orders through platforms. On the one hand, this opens up new opportunities for business, especially for SMEs. On the other hand, large platforms have become de facto regulators of access to the market, not being responsible for the quality of goods and services, and the relations between platforms and the self-employed and individual entrepreneurs remain unregulated.

"All this determined the emergence of a strong public demand for the creation of clear rules for the operation of platforms. And in order to respond to it, on behalf of the Government, draft laws were developed. The proposed regulation and clear set of rules are aimed at protecting the interests of all market participants and ensuring its further growth. This is especially important for accelerating, on behalf of the President, structural changes in the economy," emphasized Maxim Reshetnikov.

The new regulation introduces uniform standards for platforms: verification of sellers, control over the quality of goods, transparency of contracts and protection of the rights of entrepreneurs. For example, platforms will not be able to impose discounts without the consent of the seller, and disputes can be resolved not only in court, but also through the pre-trial appeal mechanism.

The regulation will come into effect in 2027, so that businesses and platforms have time to adapt. The intermediary digital platforms themselves will be included in a separate register, which will ensure flexibility of regulation for all players, noted Maxim Reshetnikov. The criteria for their selection will be determined by the Government of the Russian Federation. Among the main ones discussed are the volume of transactions, the number of active users and sellers.

"Today we considered issues related to ensuring, first of all, additional requirements for platforms and obligations that will be established for platforms. This includes the formation of product cards, interaction with labeling, certification, and licensing systems. On the one hand, this will protect consumer rights and, on the other hand, will certainly create a unified legal regulation. It is very important, and everyone noted this, that laws allow a very large number of small entrepreneurs who previously could not break into retail chains to very quickly find their niche thanks to platform technologies. This is an additional incentive to support, including small businesses, the development of jobs and the formation of a small economy in different regions," Maxim Topilin, Chairman of the State Duma Committee on Economic Policy, commented on the meeting.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

The Ministry of Economic Development has updated measures to support the socio-economic development of Siberia

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

Deputy Minister of Economic Development of Russia Svyatoslav Sorokin took part in a meeting on the socio-economic development of the Siberian Federal District, which was held on July 8 in Omsk under the chairmanship of Deputy Prime Minister of the Russian Federation Dmitry Patrushev. The event was attended by the Plenipotentiary Representative of the President of the Russian Federation in the Siberian Federal District Anatoly Seryshev, heads of regions, representatives of federal ministries and key industry companies.

"Our main goal is to create opportunities to accelerate the pace of economic growth in Siberian regions, and, of course, to improve the quality of life of people. First of all, we control the implementation of the government's Strategy for the Development of the Federal District until 2035. About two trillion rubles have already been attracted to its activities, and more than 42 thousand jobs have been created," said Deputy Prime Minister of the Russian Federation Dmitry Patrushev during the meeting.

Svyatoslav Sorokin presented a report on amendments to the plan for implementing the Strategy for Socioeconomic Development of the Siberian Federal District. On behalf of the Government, the revised document was submitted on June 27. The updated plan includes individual development programs for the subjects, as well as new investment and infrastructure projects.

The proposed measures will increase the volume of investment in the district's economy to 18 trillion rubles, as well as create over 195 thousand jobs. The plan is synchronized with the updated national projects and will be further specified within the framework of the implementation of the Strategy for Spatial Development of the Russian Federation until 2030. Special attention is paid to the development of key settlements: a list of 294 key settlements in the regions of Siberia has been approved.

During the meeting, an assessment was also given of the implementation of the so-called curatorship projects – these are priority regional initiatives, for the implementation of which the leadership of the Ministry of Economic Development is personally responsible. According to Svyatoslav Sorokin, these projects play a key role in the development of infrastructure, industry, tourism and other sectors. Thanks to these initiatives, over 21 thousand jobs have been created in the district and about 1.4 trillion rubles of extra-budgetary investments have been attracted.

The report paid special attention to the work on forming a list of priority investment projects in Siberia. On the instructions of the Government, the Ministry of Economic Development, together with other departments, selected 103 projects that have the greatest socio-economic effect on the development of the district's subjects. The priority list included initiatives with an investment volume of over 3 billion rubles, as well as curatorship projects, industry clusters and initiatives in the field of rare earth metals, agreed upon with the Ministry of Industry and Trade of Russia.

Particular attention was paid to the implementation of the Spatial Development Strategy (SDS) in the Siberian Federal District. As Svyatoslav Sorokin emphasized, Siberia is in the focus of the federal agenda: by 2030, the target indicators are defined as stabilization of the population at a level no lower than 2023, an increase in the district's share in housing commissioning to 15.4%, as well as an increase in the ratio of gross regional product per capita to 83.6% of the Russian average.

To achieve these indicators, the key priority of the SPR is the development of support settlements (SSC). The list approved by the Government Commission for Regional Development included 294 settlements in the territory of the Siberian Federal District.

"Development of key settlements is a key point of concentration of efforts in Siberia. We see that it is in these territories that the potential for economic growth, improvement of quality of life and increase of investment attractiveness is concentrated. It is important that all support measures are built with an orientation towards spatial logic of development – so that investments work for the comprehensive development of territories, and not pointwise, without taking into account connections and prospects," emphasized Deputy Minister of Economic Development of Russia Svyatoslav Sorokin.

Also, within the framework of the implementation of the Spatial Development Strategy and in pursuance of the message of the President of the Russian Federation, the Ministry of Economic Development, together with the regions, is forming a list of cities for the development of master plans. This process is being carried out in the development of decisions of the strategic session of the Government and should be completed by January 2026.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

Measures will be tough – the Central Bank warned banks against imposing conditions on deposits

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Why did complaints arise about additional conditions for deposits?

Russian investors complain about the behavior banks, which lure customers with higher rates, but require a number of actions to be taken to obtain generous terms. Among the banks that have requirements for high rates on deposits:

Yandex Bank – the 21% rate is valid only with the Plus subscription and once for 62 days;
VTB – 21.5% for 3 months, available only with MiXX subscription;
Sovcombank – a surcharge to the deposit rate of up to 4% is provided for purchases using the “Halva” card with the “Ten” subscription;
MTS Bank – the maximum rate is provided for card transactions over 90 thousand rubles per month;
Sberbank – the best conditions apply to “new money” that has not been stored in accounts for more than two months, as well as when connecting a subscription.

“It is becoming increasingly difficult to simply open a deposit – clients have to study a ton of conditions and meet dozens of criteria in order to receive a favorable interest rate: at the same time, the increased rates are valid for a limited period,” the expert noted.

Banks require depositors to connect paid subscriptions, turnover on cards, keep certain balances, receive salaries into an account – it is much more difficult to calculate the real profitability of such deposits, not to mention convenience and transparency for the client.

How does the Central Bank of the Russian Federation plan to combat the imposition of conditions on deposits?

The Bank of Russia is closely monitoring the situation on the savings products market – credit institutions have been recommended to honestly inform citizens about the terms and conditions and to abandon the practice of putting forward numerous requirements to receive a higher rate. If the recommendations are not followed, the regulator will have to develop amendments to the legislation or create a banking standard to restore order in the industry.

Let us recall that the high key rate has led to a surge in the popularity of deposits – this year, balances on individuals’ accounts have grown by 6%, amounting to over 61 trillion rubles: by the end of the year, the figure could reach 70 trillion rubles. However, after the key rate was reduced (from 21 to 20%), banks began to massively revise the terms of deposits for the worse, but the demand for deposits and savings accounts remains high.

12:00 08.07.2025

Source:

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

Financial news: The meeting of the National Financial Council took place (08.07.2025)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

At its meeting on June 27, 2025, the National Financial Council (NFC) reviewed the Annual Report of the Bank of Russia for 2024, information from the Board of Directors of the Bank of Russia on the main issues of the Bank of Russia's activities for the first quarter of 2025, as well as the report of the limited liability company "Management Company of the Banking Sector Consolidation Fund" for 2024.

The meeting participants discussed the key stages of development of the Bank of Russia digital ruble platform project. During the NFS meeting, reports were heard on the development of the capital market, the digital financial assets market and its prospects. The risks of concentration of systemically important credit institutions were discussed, as well as the current status of the transition to the preferential use of Russian software and electronic products in the financial sector.

The NFS approved the Bank of Russia's report on expenses for 2024 for the maintenance of Bank of Russia employees, pension provision, personal insurance of Bank of Russia employees, capital investments and other administrative and economic needs, as well as the Bank of Russia's regulations on accounting in the Bank of Russia.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

Ministry of Economic Development: SEZ residents almost doubled investments in 2024

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

The Ministry of Economic Development of Russia sent to the Government report on the results of the work of special economic zones for 2024. Such analysis is carried out annually in accordance with the rules for assessing the effectiveness of the functioning of the SEZ, approved by the Government.

The overall efficiency indicator was 90% (the functioning of the SEZ is considered effective if the overall calculated indicator is 80%).

"In recent years, the number of SEZs in the country has increased significantly. New territories with a preferential regime have already been included in the rating, but have not yet reached full capacity. At the same time, residents are actively entering the "young" SEZs, expanding production and investing, creating highly paid jobs. Thus, the lion's share of all investments in the SEZ in 2024 were provided by territories created in 2020-2022. It is important that businesses are increasing investments in the development of new technologies – R&D costs have grown by almost 60% and exceeded 35 billion rubles. This means that even in difficult conditions, companies continue to search for and implement innovative solutions, update products and develop new markets," said Deputy Minister of Economic Development Svyatoslav Sorokin.

According to the assessment results, the leaders in terms of efficiency for 2024 were industrial production zones in the Samara Region (Tolyatti), the Republic of Tatarstan (Alabuga), Moscow Region (Stupino Kvadrat), Ivanovo Region (Ivanovo), Lipetsk Region (Lipetsk), and Kaluga Region (Kaluga).

"Special economic zones remain one of the most effective instruments of state support for investors. Last year, residents invested more than 1.2 trillion rubles in projects, which is twice as much as the year before. Over 25 thousand new jobs were created, which is 40% more than in 2023. These results confirm that businesses are comfortable working in SEZ conditions: these are tax and customs preferences, ready-made infrastructure, administrative support and reduced costs for connecting to resources. All this makes SEZ sites growth points and attractive for long-term investments," Svyatoslav Sorokin emphasized.

"Business investments are new high-tech production facilities, jobs, and taxes that we direct to the development of the social sphere and improving the quality of life of our citizens. And the special economic zone "Togliatti" with its opportunities and preferences is an effective tool for attracting private investment, a key growth point. The development of the capacities of the SEZ "Togliatti" will contribute to the development of the regional economy and increase the competitiveness of the region in the investment arena," said the Governor of the Samara Region Vyacheslav Fedorishchev.

"Of course, the preferences of the special economic zone play an important role when an investor chooses a location – these are both tax benefits and ready-made infrastructure. For us, the SEZ in Baikalsk has become part of the important work to create a new environmentally friendly business format on the former industrial site," said Igor Kobzev, Governor of the Irkutsk Region. He also noted that there is currently a high interest from investors in the SEZ, in connection with which the regional authorities are preparing documents for the Ministry of Economic Development of the Russian Federation to expand the preferential regime zone.

"The Saint Petersburg Special Economic Zone annually confirms its effectiveness, taking places in the top three special economic zones of the technology implementation type. We are the leader in the volume of tax deductions from our residents to the country's budget system. This makes a significant contribution to the high assessment of our work. Over 19 years of operation, two operating sites of the SEZ have already brought Saint Petersburg 135 billion rubles in investments, almost 8 thousand jobs and about 29 billion rubles in tax deductions. The city sees the effect for Saint Petersburg and is interested in scaling up the project," said Tamara Rondaleva, General Director of JSC Saint Petersburg Special Economic Zone.

The efficiency assessment was carried out based on 25 quantitative indicators, as well as six calculated metrics, including: the performance of residents, the profitability of investments from budgets at all levels in the infrastructure of the zones, the efficiency of management bodies, the quality of planning during the creation of the SEZ, and the contribution to the achievement of national development goals defined by the May decree of the President of the Russian Federation.

Every year new production facilities are opened in the territory of special economic zones. In 2024 alone, several socially significant and high-tech projects began operating at once.

The production of televisions under the GigaFactory brand has started in the Novgorodskaya SEZ — this is the first and only enterprise of its kind in the region. The plant produces “smart” televisions based on a domestic operating system, which makes the project an important element of import substitution.

On the territory of the SEZ "Lotus", the company "Rybnye Korma" launched the first stage of the plant for the production of feed for industrial aquaculture – sturgeon, catfish, trout, salmon, sea bass and dorado. The production is focused on domestic raw materials, and the volume of feed production today is up to 25 thousand tons per year.

The Krasnogorsky dairy plant has started operating in the Orenburg SEZ. The processing capacity is up to 150 tons of milk per day, the range is more than 50 types of dairy and fermented milk products. The products are supplied not only to retail chains in the Orenburg Region and neighboring regions, but also to Kazakhstan and China.

The Petexpert plant, specializing in the production of high-quality pet food from natural raw materials, has opened in the Lipetsk SEZ. The enterprise produces up to 20 thousand tons of dry food per year and is developing regional exports.

On the territory of the SEZ PPT "Alga" in Bashkortostan, the company "Azimut" launched an innovative plant for the production of road paint and cold plastic for marking. The production is located in the industrial park "Ufimsky" and is equipped with a modern laboratory and lines. The products are used in the implementation of federal and regional programs for the construction of transport infrastructure.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

Financial news: What investors know about mutual funds: Bank of Russia survey

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Bank of Russia will appreciate, how popular are mutual investment funds (MIF) among investors, from what sources do they get information about funds, and whether they are satisfied with the amount of information disclosed.

The collective investment sector is one of the most dynamically developing in Russia. A mutual fund is the most convenient financial instrument for an investor, including a beginner. The investment process is simple: a future shareholder transfers his funds to a fund managed by a management company. A professional manager invests the received resources in various assets: securities, real estate, infrastructure projects and other instruments. The entry ticket to a mutual fund is small – you can start investing with just 5 rubles on hand.

In order to increase interest in such an instrument, the Bank of Russia intends to analyze what sources an investor uses to obtain information about a mutual fund, how convenient and understandable such a financial instrument is. This will allow the regulator to further create conditions for increasing the availability of information for a wide range of investors and increase the attractiveness of investments in mutual funds.

The Bank of Russia published report, where he identified possible scenarios for the development of the retail mutual fund market.

Preview photo: Pixels Hunter / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

07/08/25 the bank's office in Khabarovsk is operating in a limited mode due to an Internet provider line failure

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

We inform you that as of 07/08/25, the Internet provider line failure has not been eliminated, therefore, on 07/08/25, the office of JSC Solid Bank in Khabarovsk continues to operate in a limited mode. The time frame for eliminating the consequences of the failure is unknown, therefore, the resumption of the office's work will be announced separately. The office operates in consultation mode.

Please take this information into account when planning a visit to the bank office.

Share the news on social networks

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.

Regions of Russia and China signed 120 cooperation agreements

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

China has been Russia's leading trading partner for over 10 years. Despite global market fluctuations and sanctions pressure, bilateral cooperation continues to strengthen, showing significant positive results. This was stated by Dmitry Volvach, Deputy Minister of Economic Development of Russia, during the plenary session of the fifth Russian-Chinese Forum on Interregional Cooperation, which was held as part of the ninth Russian-Chinese EXPO in parallel with the INNOPROM industrial exhibition in Yekaterinburg. In total, the Russian-Chinese portfolio includes more than 80 investment projects worth more than $200 billion.

According to the Federal Customs Service of Russia and the General Administration of Customs of the People's Republic of China, in 2024, trade turnover between the countries reached a historical maximum, increasing by 7.5%. In January-April 2025, these figures will remain the same. "On the instructions of the presidents of our countries, by 2030, our goal is to scale the volume of mutual trade to 300 billion dollars. In this regard, we are actively working to implement the Russian-Chinese Economic Cooperation Plan until 2030," Dmitry Volvach emphasized.

In recent years, Russian-Chinese cooperation has reached a new level, thanks to the large-scale implementation of infrastructure projects, especially in the energy and transport and logistics sectors. Among the largest infrastructure projects of Russia and China, the Deputy Minister named the construction of two gas complexes in the village of Ust-Luga in the Leningrad Region, which will produce up to 144 million tons of liquefied natural gas by 2035. More than 120 cooperation agreements have been concluded between Russian regions and Chinese provinces. In 2024, 311 joint events were held, and in 2025 – already 96. A list of 86 joint projects worth $ 201 billion has been approved. Among the key ones are the creation of the Bely Rast terminal and logistics complex in the Moscow Region and the development of the Dry Port in the Sverdlovsk Region.

The Deputy Minister emphasized the great tourism potential of Russia and China. In the first quarter of 2025, the total tourist flow increased by 20%. To further increase it, the visa regime is being simplified: it is planned to increase the period of stay with an electronic visa from 16 to 30 days. Work is also underway to reduce the minimum composition of a tourist group from five to three people and increase the visa-free period from 15 to 21 days.

Russia is actively promoting tourism products under the Discover Russia brand, and the restoration of air traffic is contributing to the growth of passenger traffic. “We are confident that in the near future we will reach pre-pandemic indicators and reach new heights,” Dmitry Volvach emphasized.

The world's first cross-border cable car between Khabarovsk and Heihe, which will open in 2026, will also be a significant infrastructure project. Zhang Hanhui, Ambassador of the People's Republic of China to Russia, in his welcoming address to the forum participants, noted: "In recent years, the mechanism of cooperation between the regions of Russia and China has been continuously improved. Recently, the fifth meeting of the Yangtze-Volga Regional Cooperation Council and the meeting of the co-chairs of the Intergovernmental Commission on Cooperation between Northeast China and the Russian Far East were successfully held in Russia. Exchanges between regional delegations of the two countries have become closer, and interaction between enterprises is developing according to the principle of "mutual striving to meet halfway."

The forum was also attended by Deputy Governor of the Sverdlovsk Region Vasily Kozlov, Vice Governor of Heilongjiang Province Han Shengjian, Minister of Industry and Trade of the Republic of Tatarstan Oleg Korobchenko, Deputy Secretary General of the People's Government of Liaoning Province Sun Wei, Deputy Governor of the Tomsk Region Vasily Potemkin, President of OPORA RUSSIA Alexander Kalinin and Vice President of Xuanyuan Corporation Jiao Jian.

"We expect that joint work within the Forum and other events of the EXPO business program will contribute to the accelerated development of interregional cooperation between Russia and China, because interregional cooperation is the basis for further development of mutual trade, entails mutual cooperation in the market of production, investment and tourism resources. Together, we continue to do one big thing – we strive to create all the necessary conditions for the formation of a fair and multipolar world order, strengthening stability and security," Dmitry Volvach summed up.

Representatives of 35 Russian regions and over 300 Chinese companies took part in the forum. Businessmen and heads of government bodies from 18 Chinese provinces arrived in Russia.

The EXPO business program included discussions on issues of scientific and technical sphere, trade and investment, support of export and urban environment, development of medicine, as well as youth business cooperation. During the INNOPROM exhibition, a contact exchange on key areas of cooperation was held.

The INNOPROM exhibition was attended by delegations of business circles and government bodies from more than 50 countries. National expositions were presented by Belarus, Kazakhstan, Kyrgyzstan, Uzbekistan, China, India and others.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

.