Andrew Welch, Chairman of Aston Group, visited Sverdlovsk Region, reports the spokesperson for the Ministry for International and Foreign Economic Relations of Sverdlovsk Region.

The Russian-American joint venture might go for a new investment project in Yekaterinburg worth $300m, Mr Welch announced in the course of the meeting with Viktor Koksharov, Minister for International and Foreign Economic Relations of Sverdlovsk Region.

The new construction project is aimed at building new dwellings in Yekaterinburg and is, in fact, the first attempt of the U.S. Government to finance the construction of real estate in Russia directly, reports the spokesperson.