Belarus signed an agreement with China that will enable Chinese companies to participate in the privatization of Belarusian assets, Kommersant reported.

The accord was signed by Wu Bangguo, chairman of the Standing Committee of China’s National People’s Congress, who is leading a Chinese parliamentary delegation visiting the country, the Moscow-based newspaper said. Russia, which is also interested in acquiring control of Belarusian companies, doesn’t have any such agreement with Belarus, Kommersant said.

Belarusian President Aleksandr Lukashenko is seeking to sell part of fertilizer producer Belaruskali, which produces 15 percent of the world’s potash. This asset is the most attractive for Russia, Kommersant said, citing an official in Russian Prime Minister Vladimir Putin’s administration.