Beijing will help Chechnya
VEB will take on the risks of Chinese investors As part of Vladimir Putin's visit to China, Vnesheconombank (VEB), the State Development Bank of China and the government of Chechnya entered into a trilateral cooperation agreement yesterday. According to the document, banks will have to provide financial support for investment projects in Chechnya in the field of housing construction, infrastructure, mechanical engineering, manufacturing and oil refining industries.