China has decided to allocate to States of the Shanghai cooperation organization $ 5 billion to Finance joint projects. This was stated by the President of China XI Jinping in Dushanbe at the meeting of the Council of the SCO, reports ITAR-TASS. We are talking about economic cooperation Fund "China-Eurasia", the initial capital of which amounts to a billion dollars.
In 2012, China announced the creation of the SCO development Bank with an authorized capital of $ 10 billion. But in the end to agree on funding the organization failed, primarily because of the unwillingness of Russia to bear the costs.
Collective lending mechanism within the organization is not yet available, but China is actively lending to other States of the organization directly. A large part of the loans are mainly commodity countries, they bought Chinese equipment and other goods.
The Shanghai cooperation organization (SCO), a regional international organization founded in 2001 by the leaders of China, Russia, Kazakhstan, Tajikistan, Kyrgyzstan and Uzbekistan. Observers in the block are Iran, India and Mongolia.
The main prize of the Cannes film festival in 2017 was awarded to the film "the Square" Swedish Director Ruben Ostlund. Winner of the "Palme d'or" was named at the closing ceremony of the 70th festival on Sunday, may 28. The main role in the film was played by Claes Bang, Elisabeth moss, Dominic West and Terry Notari.
The film by Russian Director Andrei Zvyagintsev's "Dislike" received the jury prize 70-th Cannes film festival. The Director thanked the film's producer Alexander Rodnyansky, screenwriter Oleg Negina and other filmmakers.
People's artist of the USSR Joseph Kobzon made in Lugansk with a concert devoted to Day of border guard. The singer said that sanctions do not scare him, and he intends in the future to come with concerts in Donetsk and Lugansk. According to the artist, he never picks up a special repertoire for performances in the Donbass.