Russian Ministry of Economic Development_ North Caucasus region willing to strengthen investment cooperation with China

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Grozny, Russia, July 15 (Reporters Liu Kai and Chen Ting) Russian Deputy Minister of Economic Development Sergey Nazarov said in an interview with reporters on the 15th that Russia’s North Caucasus region hopes to carry out cooperation with China and is looking for opportunities to attract Chinese companies invest here.

Nazarov told reporters during the 2024 Caucasus Investment Forum that day that Russia is interested in cooperating with China’s multi-domain names. For example, Russia has discussed the possibility of cooperation in the automotive industry with many Chinese countries, especially hoping to promote Localized production of auto parts.

Nazarov said that the North Caucasus region has huge investment potential, is rich in natural resources, is expanding sales markets, and each region has its own characteristics. The Russian government is prepared to support these regions in improving investment attractiveness.

The 2024 Caucasus Investment Forum opened on the 15th in Grozny, the capital of the Chechen Republic of Russia, and will last for three days. More than 4000 representatives from more than 50 countries and regions attended the forum to discuss regional development and cooperation.