Russia's NLGC, China Chengtong sign 2 tln rbl grain deal

ST. PETERSBURG, Jun 17 (PRIME) -- Russia's New Land Grain Corridor (NLGC) and China Chengtong International Investment signed a 2 trillion ruble agreement on grain supplies on Friday, the Russian company said in a statement.

The deal envisages payments in national currencies.

Under the agreement, production of equipment and agricultural machines will be organized in Russia with about 150 billion rubles of investment, and joint investment amounting to 50 billion rubles will also be made.

(56.8691 rubles – U.S. $1)

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