FAS discussed the rules of investment cooperation with a Chinese delegation

Representatives of “China National Gold Group” expressed their interest in developing investment cooperation between Russia and China.   

The statement was made on 26 August 2016 at a meeting with FAS representatives where the parties discussed application of No. 57-FZ Federal Law “On the Procedure for Foreign Investments in Economic Entities of Strategic Importance for National Defence and State Security” of 29 April 2008.

Chinese investors were informed in detail about the procedure for approving transactions with Russian strategic companies, specified in the law on foreign investments in the Russian Federation.

The Head of FAS Department for Control over Foreign Investments, Andrey Yunak said: “We welcome participation of foreign investors in joint investment projects. Our main objective here is to observe the state interests and the law of the Russian Federation. Such meetings inevitably facilitate addressing the issue”.

Representatives of “SUN Gold Limited” and a partner of the Law Offices of "Egorov, Afanasiev, Puginsky & Partners”, Anna Numerova, also took part in the event. The Chinese investors are currently at the final stage of acquiring 70% shares of Klyuchevskoye gold field in the Zabaikalie region from “SUN Gold Limited”.