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Putin Says Bilateral Trade with China Reaches New Heights
(MENAFN) Russian President Vladimir Putin says Moscow expects bilateral trade with China to reach a new record this year as economic ties between the two countries continue to expand.
Speaking during talks with Chinese Vice Premier Ding Xuexiang in Vladivostok, Putin says trade between Russia and China has remained above $200 billion annually over the past three years and is expected to approach $240 billion in 2025.
“Over the past three years, trade turnover has steadily exceeded $200 billion, and by 2025, it will reach nearly $240 billion, creating a solid foundation for bilateral cooperation. We predict a new record for this year,” Putin says during the meeting on the sidelines of the 11th Eastern Economic Forum.
Putin says the frequent high-level contacts between Moscow and Beijing demonstrate the “unprecedented nature” of their relationship. He adds that cooperation continues to advance across multiple sectors while being guided by “based on the principles of equality, mutual support on key issues, mutual understanding, and consideration of each other's interests.”
The Russian president also highlights rising investment between the two countries and says cooperation is becoming deeper, particularly in the energy sector.
“Russia is the leading supplier of traditional Russian goods to the Chinese market. Furthermore, Moscow is Beijing's key partner in the peaceful use of nuclear energy,” Putin says.
Speaking during talks with Chinese Vice Premier Ding Xuexiang in Vladivostok, Putin says trade between Russia and China has remained above $200 billion annually over the past three years and is expected to approach $240 billion in 2025.
“Over the past three years, trade turnover has steadily exceeded $200 billion, and by 2025, it will reach nearly $240 billion, creating a solid foundation for bilateral cooperation. We predict a new record for this year,” Putin says during the meeting on the sidelines of the 11th Eastern Economic Forum.
Putin says the frequent high-level contacts between Moscow and Beijing demonstrate the “unprecedented nature” of their relationship. He adds that cooperation continues to advance across multiple sectors while being guided by “based on the principles of equality, mutual support on key issues, mutual understanding, and consideration of each other's interests.”
The Russian president also highlights rising investment between the two countries and says cooperation is becoming deeper, particularly in the energy sector.
“Russia is the leading supplier of traditional Russian goods to the Chinese market. Furthermore, Moscow is Beijing's key partner in the peaceful use of nuclear energy,” Putin says.
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