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Source: Russian Federation Government

During the meeting chaired by Prime Minister Mikhail Mishustin, the participants reviewed requests submitted by foreign investors regarding the preliminary approval of transactions with Russian companies engaged in air transport, mining, hydrocarbon processing, production of industrial explosives and supply of certain types of communication equipment.

Among other things, the government commission approved a transaction related to a large investment project by Sibur Holding for the construction of the Amur Gas Chemical Complex with the participation of Chinese investors. It will become a major petrochemical plant in Russia and internationally.

Russia’s largest gas processing and gas chemical cluster will be built in addition to the Far Eastern complex. The former will make products with high added value and contribute to tapping the enormous potential of the country’s non-oil-and-gas exports. The fact that a major international petrochemical company, Sinopec, will participate in the project highlights Russia’s investment appeal.

First Deputy Prime Minister Andrei Belousov, Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko, deputy prime ministers Viktoria Abramchenko, Yury Borisov and Alexander Novak, as well as federal ministers took part in the meeting. The keynote address was delivered by Head of the Federal Antimonopoly Service Maxim Shaskolsky.

MIL OSI Europe News