Russia and China deepen ties with landmark economic and energy deals
Russian Prime Minister Mikhail Mishustin met with Chinese President Xi Jinping in Beijing, marking the 30th regular meeting between the two nations. The gathering, held in a 'warm atmosphere', lasted longer than scheduled, reflecting the growing economic cooperation between Russia and China.
China has emerged as Russia's leading trade partner, while Russia stands as the top supplier of oil and natural gas to China. This symbiotic relationship is set to expand with the planned construction of the Power of Siberia 2 pipeline, poised to become one of the largest gas infrastructure projects in history.
The meeting saw both sides agreeing to support each other in countering sanctions, a testament to their commitment to mutual support. Mishustin, conveying President Putin's greetings, emphasized the importance of fostering favorable conditions for mutual investment and supporting joint projects. Xi reciprocated with his own regards to Putin.
In the realm of agriculture, an experimental cooperation zone in Russia’s Far East is to be established under the preferential regime of the country’s Advanced Development Territories. Maxim Reshetnikov will lead this initiative. Additionally, both nations aim to create conditions for investment projects in the automotive industry and expand cooperation in space exploration.
The meeting in Hangzhou underscored the deepening ties between Russia and China, with both nations committed to strengthening trade, economic, and scientific-technological cooperation. The planned projects, from the Power of Siberia 2 pipeline to the agricultural cooperation zone, signal a promising future for their bilateral relationship.
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