Russia & China set new historic file – Moscow

Trade between the world’s largest nation and its most populous has boomed regardless of the pandemic

Despite private relations and logistics being disrupted by Covid-19, Russia and China’s joint business turnover in 2021 exceeded pre-pandemic ranges and has damaged data, Moscow’s commerce consultant to Beijing has revealed.

In an interview with RIA Novosti, printed on Monday, the, Aleksey Dakhnovsky, mentioned that based on Chinese statistics, the quantity of mutual commerce had already surpassed $130 billion within the first 11 months of final 12 months, predicting the entire will seemingly be greater than $140 billon.

According to Dakhnovsky, this occurred as a result of rise in costs for vitality and nonferrous metals, in addition to progress in coal shipments to its japanese neighbor.

He famous that the earlier all-time excessive was achieved in 2019, with bilateral commerce turnover coming near $111 billion.

“We hope that in 2022, if the pandemic subsides, we will reach a new record. If current trends persist, we should reach the target level of $200 billion set by the leaders of our two countries by 2024,” Dakhnovsky mentioned.

The envoy’s remarks come as Moscow and Beijing hail their relations within the face of rising hostilities with the West. In a New Year’s message to his Russian counterpart, Vladimir Putin, Chinese President Xi Jinping mentioned that the previous 12 months had seen the “bilateral trade volume reaching new heights and major strategic projects in the fields of energy, space … accelerated” between the 2 states.

Speaking to journalists at his annual press convention, the Russian chief mentioned the 2 states “have very trusting relations and it helps us build good business ties as well.” Putin added that the nations are additionally growing sure high-tech weapons collectively.

At the tip of November, Igor Sechin, the chief of Russian state-run oil large Rosneft, mentioned that Moscow and Beijing have “achieved historical success in developing comprehensive cooperation and strengthening comprehensive ties, and the industry is creating the basis for further increasing trade.”

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