SIBUR and the Silk Road Fund sign agreement to enhance cooperation seeking to foster relations between Northeast China and the Far East of Russia

Moscow, 5 June 2019. SIBUR and the Silk Road Fund entered into an agreement to enhance cooperation. The signing ceremony was attended by Xi Jinping, President of the People's Republic of China, and Vladimir Putin, President of the Russian Federation. The agreement was signed by Dmitry Konov, Chairman of the Management Board at SIBUR Holding, and Wang Yanzhi, President at Silk Road Fund Co, Ltd.

Under the arrangement, the parties will be looking into investment opportunities to develop relations between Northeast China and Russia’s Far East, sharing information about market opportunities in Central Asia, Middle East and other regions, and coordinating efforts for potential joint investments in petrochemical projects.

“The agreement testifies to the strong investment appeal of petrochemistry as an industry that creates cutting-edge and green materials for construction, healthcare, car making, food, and other areas. Enhanced cooperation with the Silk Road Fund will help to grow economic ties between Russia and China,” said Dmitry Konov, Chairman of the Management Board at SIBUR Holding.