July 21, 2026

The Russian Direct Investment Fund (RDIF), together with Jinman Holding, the China SCO Local Economic and Trade Cooperation Demonstration Area, and the Russia-China Guild of Commerce, have signed a cooperation agreement aimed at developing Russian-Chinese economic cooperation, supporting joint investment projects, and expanding business cooperation across SCO member states. The agreement was announced during Russian President Vladimir Putin’s official visit

The Amur Gas Chemical Complex (AGCC), a monumental Russia-China joint venture in the Far East, is on track to produce its first batches of polyethylene and polypropylene in the summer of 2026, with the project entering its final pre-launch commissioning phase. This timeline significantly exceeds market expectations, which had previously predicted a launch between late 2026 and early 2027. Construction

Russia and China are preparing to launch more than 80 joint investment projects with a total estimated value of $200 billion, according to Boris Titov, the Russian President’s Special Representative for Sustainable Development Goals and Chairman of the Russian side of the Russia-China Friendship, Peace and Development Committee. Titov noted that new business opportunities are constantly emerging, and the Russian