Becoming a Russian Oligarch After Rebirth
Chapter 1213 - 1006: Everyone is Happy_2

Chapter 1213: Chapter 1006: Everyone is Happy_2

This made it easier for Medvedev to communicate with the ministers after he returned.

At the same time, it was not necessary for Wang Ye to take money from the debt issuance to cover the deficit here, which was a win-win situation.

Therefore, hearing this amount, his father-in-law nodded in approval, indicating that he recognized it.

Although Medvedev was somewhat reluctant, he could barely accept it, so he nodded and said, "All right, I will convene a meeting to discuss this after I return and will submit a new budget proposal as soon as we have reached a consensus."

........

After discussing the budget issue, Wang Ye remembered the cooperation plan discussed with the Chinese delegation in Irkutsk and took the opportunity to bring it up.

"A few days ago, I attended the pipeline inauguration ceremony in Irkutsk and held a meeting with the Chinese delegation there.

There is a large aircraft manufacturing factory there, so I discussed the possibility with the Chinese representatives that our two sides could collaborate on a project for a large commercial aircraft.

Develop a large commercial jet with proprietary intellectual property rights!

It would involve technological upgrades to our existing commercial jets, and the Chinese side promised that if the development were successful, it would provide the collaborating factory with a large number of aircraft orders."

His father-in-law was immediately intrigued when he heard this.

He truly understood just how vast the market for large commercial jets was!

This could earn much more than selling fighter jets...

If the collaboration were successful, then the United Airlines could really be revitalized, potentially becoming a new money tree outside of the energy industry in the future.

Since Wang Ye had begun managing economic work, he had always been seeking "to stand on two legs," which meant supporting the healthy development of industries outside the energy sector.

The burden of the national economy could not be entirely borne by the energy industry.

After all, the factors influencing international energy prices were too many. Although the prices had soared in the past two years, benefiting Russia’s economy greatly, what if energy prices plummeted in the future?

It wasn’t as if they hadn’t suffered before...

Therefore, the Kremlin offered significant support to Wang Ye’s efforts.

It allowed him to reorganize United Airlines, supported him in fostering the automobile production industry, and even entrusted him with the great authority of issuing bonds.

That was the intention.

........

When Wang Ye finished speaking, his father-in-law asked, "This sounds like a good thing, but what kind of cooperation model will both sides adopt? How will the investment ratio and shareholding be divided?"

Wang Ye smiled and said, "Mainly, we provide the technology, and both sides contribute capital. Initially, the production will be on our side, but later, the Chinese side could produce independently. The new technology developed will be shared between both sides, as long as it is not transferred to a third party..."

His father-in-law frowned, "This way... it feels like we are contributing more and the other side is just reaping the benefits?"

Actually, this wasn’t the first time both sides had discussed cooperating on developing large aircraft, but since the conditions had not been agreed upon, the collaboration had never been realized.

Because Russia held the technology, its demands were quite high, and it took a lofty stance, while the Chinese side did not want to suffer a loss, thus the negotiations had been dragging on until now.

Wang Ye was rather pragmatic and understood that this method would be beneficial for both sides.

If they missed this opportunity, both sides would face significant consequences in the future.

The Chinese side would have to wait nearly twenty years to develop a large aircraft with proprietary rights, and on Russia’s side, large passenger aircraft would be completely doomed with no new technology or new markets...

A union would benefit both sides, while separation would result in losses for both!

Possibly only Wang Ye, with his current status and influence, had the capacity, boldness, and willingness to facilitate a partnership between the two sides!

So hearing his father-in-law seemingly a bit unwilling, as he felt our side was at a loss, he chuckled and said, "It cannot be viewed this way; on the surface, it might appear that the Chinese side is paying less, and we are contributing more by providing money and technology.

But once the plane is developed, it needs to be saleable!

Our local market is almost saturated, and surrounding countries do not have the capability to purchase many new aircraft."

"And on the Chinese side, there is a huge market that can provide a massive number of orders for the joint venture company, which is key."

Upon hearing his explanation, the father-in-law finally understood Wang Ye’s real thoughts.

It seemed reasonable to him too, as one side was trading market for technology, while the other traded technology for market!

It didn’t seem like a bad deal...

Once he understood the rationale behind it, he nodded with a smile, "I see now, this cooperation is viable! Misha, contact the other party as soon as possible and try to reach a cooperation agreement soon.

In fact, we possess many high-end technologies, but unfortunately, they can’t be turned into products. Our domestic market is still too small, and entering the markets of Europe and the United States isn’t easy.

In the end, they still haven’t truly accepted us..."

Initially, he was quite biased towards the West, dreaming that Russia could integrate into the European family.

Back then, Wang Ye had issued a warning, and the father-in-law, somewhat skeptical, had waited and watched.

Years passed, and he had come to see the West’s attitude clearly and essentially given up on the fantasy...

Therefore, he began to support Wang Ye’s proposition to "turn to the East."

If Wang Ye’s proposed China-Russia large aircraft cooperation project had come up a few years earlier, even the Kremlin might not have supported it, as it seemed a bit like playing the "fool" by having to spend money and provide technology...

But now, his attitude had changed.

...

During a dinner, the father-in-law helped mediate the dispute between the Economic Committee and the Government.

Wang Ye appropriately relaxed the conditions, saving face for the Kremlin and Medvedev, while also keeping the Government from interfering with the powers of the Economic Committee.

The result was acceptable to both sides, a win-win situation.

After returning, Medvedev quickly submitted a new budget proposal, which was entirely based on the lines Wang Ye had drawn up.

Wang Ye convened a special meeting, discussed and approved this new budget proposal, and then submitted it to the Duma Congress for a vote.

The backing oligarchs had reached a consensus, and naturally, there were no surprises at the Duma Congress, where it passed nearly unanimously.

Meanwhile, the Sino-Russian large aircraft cooperation project also advanced swiftly.

China had already sent a new delegation to negotiate the joint development of a large passenger aircraft.

As the Chairman of United Airlines, Wang Ye showed sufficient sincerity, willing to share technology and funding unreservedly and made some concessions on the shares of the joint venture company.

In the end, both sides reached a cooperation agreement and established a joint venture group to collaboratively develop a new civil aviation aircraft.

Led by several research institutes under the United Aviation Group, China would also send some technical personnel for joint development.

The production base was temporarily set in Irkutsk State; later, as the technology matured, China would also build its own large aircraft factory there...

Apart from work, Donia and Lily had also come to Moscow and transferred to the Moscow National Dance Academy for their studies.

Wang Ye wasn’t secretive about this, so Rossiyana quickly learned of it.

However, she didn’t blame Wang Ye but simply asked him to be more discreet to avoid scandals.

To consider Rossiyana’s feelings, Wang Ye didn’t let Donia stay at the Xiao Ying Hotel but bought a luxury apartment near the National Dance Academy for Donia to live in and for his own convenience...

After sorting out these matters, it was the beginning of January 2006, and the new year had arrived...

...

Every January was relatively relaxed for Wang Ye.

It was also the time when various groups started to settle finances and distribute dividends, and naturally, Wang Ye would receive a substantial income.

In 2005, his various group companies had developed quite well, especially prominent were Yukos Group, Russian Gas Industry Group, and Siberian Gold among others.

Just from dividends, within the month of January alone, Wang Ye had received nearly four billion US dollars!