Vlasova Mikhel & Partners has helped the China Development Bank set up a new representative office in Minsk.
According to VMP, the he representative office -- which was officially registered on June 5, 2018 -- "is established to study the possibilities of developing trade and economic relations and expanding cooperation between countries.”
The China Development Bank, which was founded on July 1, 1994, focuses primarily on supporting the core industries of the Chinese economy, promoting the development of specific areas, and constructing the necessary infrastructure. In addition, the bank is involved in the implementation of major infrastructure projects in China and outside the country.
The Republic of Belarus has been cooperating with China Development Bank since 2008. In Belarus the bank financed a number of investment projects, including the construction of the Vitebsk hydropower plant, a potash mining and ore-dressing complex, a cardboard production facility, and a number of other Belarusian-Chinese investment projects. VMP reports that it supported these projects as well.