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China, Japan and South Korea are key north-east Asian countries.
The agreement comes ahead of Chinese President Xi Jinping’s visit to Russia on 8 May.
China plans to invest 2.64 billion yuan in the project through the RCIF [Russia-China Investment Fund].
Moscow, Beijing to step up bilateral “pragmatic, comprehensive military cooperation”.
BRICS representatives had reached agreement on launching the bank ahead of their leaders' summit in July.
Russia's president said he wants to restore relations with Kiev and help Ukraine emerge from economic crisis.
It makes sense to invest in Russia and Brazil, says HSBC emerging markets specialist.
Russian President Vladimir Putin had, in principle, approved the deal with China last year.
Putin and the Greek Prime Minister discussed bilateral trade, economic, investment ties.
Chinese President Xi Jinping will be in Moscow on May 8 for celebrations to mark the 70th anniversary of the defeat of Nazi Germany.
