OREANDA-NEWS. In the presence of Russian Prime Minister Dmitry Medvedev and Premier of the State Council of the People's Republic of China Li Keqiang, Vnesheconombank and the Export-Import Bank of China signed a framework credit agreements for an amount of 2 billion US dollars.

On behalf of Vnesheconombank the agreement was signed by Chairman Vladimir Dmitriev and on behalf of the Export-Import Bank of China - by Vice President Yuan Xingyong.

The agreement provides for extending long-term loan facilities to fund projects to be implemented on the territory of the Russian Federation including in the Far East and Siberia. In the parties' opinion, this will make it possible to expand trade and economic cooperation between the two countries.