Russia-China trade is on track to reach $200 billion this year
Trade turnover between Russia and China is expected to reach $200 billion by the end of this year, according to Russian Deputy Foreign Minister Igor Morgulov.
“It is clear that we can achieve a trade turnover of 200 billion USD sooner than the target set by the leaders. We can achieve this goal much earlier, maybe by the end of the year,” TASS quoted Morgulov as saying at the 7th international conference.Russia and China: Cooperation in a New Era” held this week.
The Russian official emphasized the inviolability of relations between Moscow and Beijing. The two countries have deepened ties over the past few years, including announcing a “no-limits” partnership in February.
Before the start of the Russian-Ukrainian conflict, the European Union (EU) is Russia’s top trading partner, accounting for 36%, or $282 billion, of the bloc’s total foreign trade in 2021. Russia’s annual trade with the United States before the start of the Ukraine conflict is up. up to 31 billion USD per year in recent years.
On June 1, Russian Foreign Minister Sergey Lavrov emphasized the “endless potential” of Russia’s strategic relationship with China. Lavrov pointed out that cooperation between Moscow and Beijing continues to grow in “scale and intensity” despite the sanctions.
at Blogtuan.info – Source: laodong.vn – Read the original article here
