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Author Topic: Will these two investments cause some restraint by Russia ?  (Read 1189 times)

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Offline ML

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Will these two investments cause some restraint by Russia ?
« on: April 13, 2018, 10:19:34 AM »
Will these two investments cause some pause for Russian terrorists operating in Eastern Ukraine?  i.e. Regarding destruction as they are doing to most of industry there.

China Machinery Engineering Corporation (CMEC) has agreed to invest EUR 230 million in the construction of the largest solar power plant in Ukraine. It which will be built in the Dnipropetrovsk region by the end of 2018, Ukrinform reported.   According to CMEC Chairman Zhang Chun, as a result of the deal concluded last week with the Ukrainian company DTEK, "The Nikopol solar power plant will become the largest solar power generator in Ukraine and Europe.”

Global food and beverage giant Nestlé has concluded an investment package valued at $27 million with the Kharkiv regional administration. Last week the Nestlé CEO for Ukraine and Moldova, Ansgar Bornemann, and head of the Kharkiv Oblast State Administration, Yulia Svitlychna, finalized the deal, UBJ reports.  Over the next three years Nestlé will fund the modernization of its Mivina factory, where a variety of snacks and food products are produced. During the last year, it produced 34,000 tons of food products, 40% of which was exported to 17 countries around the world. By expanding its production capacity in the region, Nestlé is planning to boost sales, create jobs, and improve conditions, including pay, for its current local work force of 1,200. Nestlé, which has invested more than $312 million in its Ukrainian operations since 1994, values its current sales volume in the country at $7 billion. Apart from the Mivina factory, it operates plants in the Lviv and Volyn regions.
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Offline DaveNY

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Re: Will these two investments cause some restraint by Russia ?
« Reply #1 on: April 13, 2018, 10:51:19 AM »
While Putin may not care about his little green men causing problems for Nestle, a private company based in Switzerland, China Machinery Engineering Corporation (CMEC) is another problem entirely. China Machinery Engineering Corporation (CMEC) is a subsidiary of China National Machinery Industry Corporation and China National Machinery Industry Corporation is a Chinese state owned and operated company.

If Putin's little green men in the eastern Ukraine decide to damage or destroy a Chinese government investment of €230 million Putin will probably be getting a phone call from the Chinese president asking for compensation. Putin would be wise to pay any compensation asked for if he ever wants to see anymore financing for Russian infrastructure projects from Chinese banks.

Offline alex330

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Re: Will these two investments cause some restraint by Russia ?
« Reply #2 on: April 13, 2018, 11:14:19 AM »
Who funded the 4th largest solar farm in Crimea?

http://en.wikipedia.org/wiki/Perovo_Solar_Park


Edit - looks like Austrian company with Russian banking funds. Maybe another reason to seize Crimea?
« Last Edit: April 13, 2018, 11:32:28 AM by alex330 »

 

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