Support The Moscow Times!

Russia and China Agree to Target $200Bln Bilateral Trade

Russian Foreign Minister Sergey Lavrov speaks at a joint press conference with Chinese Foreign Minister Wang Yi in Beijing, China. Ng Han Guan / AP

Moscow and Beijing have agreed to increase bilateral trade to $200 billion by 2020, the TASS news agency reported Tuesday.

Russian Foreign Minister Sergei Lavrov said that while the goal seemed ambitious, it would be achievable with a new model of economic cooperation.

It comes as Russia and China continue work to lauch a trade-economic cooperation between China and the Eurasian Economic Union, TASS reported.

Speaking at a dedicated conference to strengthening Russian-Chinese ties, Lavrov said the established relationship between the two countries led to a “honest exchange of opinions.” He dubbed current relations between Russia and China as “an example of international cooperation of 21st century.”

“We are looking forward for deepening of cooperation between Russian and Chinese banking institutions that will include interaction in the framework of the newly established Asian Infrastructure Investment Bank, BRICS and the Eurasian Development Banks,” Lavrov said.

He also maintained that the upcoming visit of President Vladimir Putin to China in June would provide a further boost for the development of the Russian-Chinese many-sided cooperation, TASS reported.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more