Bilateral investment projects kick off with Russia

Chinese investment group Tus-Holdings and the Russia-China Investment Fund (RCIF) announced a number of major technology and innovation joint investment projects on Tuesday, with one of these worth more than 90 billion roubles ($1.28 billion).

According to a statement from the RCIF, the two groups, along with other international investors, will invest a total of $1.28 billion in building a technology park in former Tushino airfield, northwestern Moscow, which will include the largest-ever innovation park in the nation.

China and Russia have been increasing their economic relations amid the current China-US trade tensions.