Russia's VTB says deal with Chinese bank could finance 12 bln yuan of trade

May 8, 2015 12:33 PM

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MOSCOW May 8 Russia's VTB Bank said a deal it signed with China Development Bank on Friday could finance trade flows between Russia and China worth the equivalent of 12 billion yuan ($1.93 billion).

Russia and China signed a raft of agreements on Friday aimed at deepening economic ties between the two countries as part of talks between Russian President Vladimir Putin and Chinese President Xi Jinping.

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