“China
has started to build a joint Chinese-Russian livestock agricultural
complex. A hundred thousand cows are planned to be bred in a project
costing one billion Yuan. The farm is being set up in the Chinese
city of Mudanjiang with production supplied to the Russian market,
Zhang Chuntszyao, chairman of the Association of Applied Economics of
the Heilongjiang Province told Interfax on Monday.”
“China’s
Zhongding Dairy Farming and Russia’s Severny Bur are participating
in the project. Feed for the cattle will be grown on 100,000 hectares
of land in China and Russia. Earlier this month, China’s Huae
Sinban Company inked an agreement to lease 115,000 hectares of land
in Russia’s Transbaikal region for agriculture. The company is
expected to invest some $450 million into the project over the next
50 years. The deal has caused much discussion in Russia over its
legacy and necessity. Huae Sinban plans to lease up to 200,000
hectares in Russia should the first stage of the project in 2015-2018
prove to be a success.”
“Last
week Russia prolonged its ban on imports of various foods from the
EU, US, Australia, Norway and Canada, including milk and milk
products, till August 2016. This was in reaction to the EU extending
its economic sanctions against Russia for another six months and
against Crimea for another year.”
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