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Microcap & Penny Stocks : Rat dog micro-cap picks...
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To: Bucky Katt who wrote (16485)12/17/2003 11:06:43 AM
From: Condor  Read Replies (1) of 48461
 
I wonder in what currency will this trade be done.
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Russia, China sign defence cooperation protocol
Moscow, Dec. 17 (PTI): Russia and China today signed a defence cooperation protocol under which Beijing will buy USD two billion worth of Russian arms and weapon systems and technologies next year.
The protocol signed by Russian Defence Minister Sergei Ivanov, and his visiting Chinese counterpart, Gen Cao Gangchuan, at the end of the regular session of the Sino-Russian Commission, sets the detailed schedule for defence interaction between Beijing and Moscow in 2004 to bring them closer to the 30-70 ratio between serially produced weapons and prospective defence technologies.

"In the year 2004 the amount of new contracts stipulated in the protocol and ongoing contracts would be equivalent to two billion dollars," ITAR-TASS reported quoting Deputy Defence Minister Mikhail Dmitriyev.

"China occupies the number one place in Russia's foreign military-technical cooperation and will retain this place in year 2004," Dmitriyev said.

According to local media, Russia and China are all set to boost cooperation in sensitive defence areas including joint research and development of new weapon systems and their supply to third countries, a privilege so far enjoyed by India.
hinduonnet.com
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