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Trade between Russia, China expected to reach $100 billion in 2015

Monday, March 9
Trade volume between Russia and China is expected to reach $100 billion in 2015, Chinese Foreign Minister Wang Yi said at a press conference on Mar.8, according to RIA Novosti.

“We will do our best so that the bilateral trade reaches our goal of $100 billion, we will sign an agreement on cooperation in the area of the Silk Route’s Economic Belt,” Wang Yi said.

Wang Yi highlighted China’s readiness to sign an agreement on Russian gas supplies via the western rote, and to start construction on the eastern route pipeline.

He also said that China is ready to cooperate with Russia in a wide range of issues, including in the area of high speed railways construction.

“We will develop and deepen our cooperation in the financial and banking areas, in the area of nuclear energy, oilfields,” Wang Yi said.

He added that relations between the two countries are not affected by global tensions, not aimed against third countries, and can be described as stable and trusting.