Russian Prime Minister Mikhail Mishustin predicted that the volume of trade between Russia and China would reach $200 billion by the end of this year.
“I am sure that this year we will fulfill the task set by our heads of state, which is to bring bilateral trade to 200 billion dollars,” Mishustin said at the Russian-Chinese Business Forum in Shanghai on Tuesday.
Noting that cooperation with China in the energy sector remains an absolute priority for Russia, as the volume of gas and coal supplies is steadily increasing, the Russian prime minister also expressed Moscow’s willingness to implement new renewable energy projects with China.
According to Mishustin, among the priority areas of Russian-Chinese cooperation is the expansion of air traffic and the active use of the possibilities of the Northern Sea Corridor.
He stressed that Russia and China will promote the independence of bilateral financial cooperation through settlements in national currencies.
He noted that Russia and China need to work more actively to facilitate mutual access to agricultural markets and enhance food security with joint efforts.
He stressed that industrial and technological cooperation between the two countries is of particular importance, and that it is now important to combine resources and competencies to produce competitive and affordable goods.
Mishustin pointed out that in the current circumstances, new opportunities appear to expand the presence of Chinese companies in Russia and launch production in China, including in the free economic and special industrial zones, stressing that deepening Russian-Chinese cooperation will positively affect the strengthening of the economies of the two countries.
This article was originally published by RT.