OREANDA-NEWS. In the course of the 18th regular meeting of Russia’ and China’s Heads of State in the presence of Russian Prime Minister Dmitry Medvedev and Premier of China’s State Council Li Keqiang Vnesheconombank and the China Development Bank (CDB) signed a credit agreement.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of CDB – by President Zheng Zhijie.

Vnesheconombank raises credit facilities worth 800 million dollars to fund the project on the construction of a multi –functional complex on the territory of Slava (The Second Moscow Watch Plant).