Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
OPEC and non-OPEC countries to continue talks on oil production cut dealBusiness & Economy September 22, 17:28
Russian pair figure skaters Kavaguti, Smirnov retire from sportSport September 22, 16:48
Record number of delegations register for St. Petersburg-hosted IPU AssemblyRussian Politics & Diplomacy September 22, 16:47
MOSCOW, January 13. /TASS/. Deeper trade ties are on the horizon in cross-border settlements financed by Russian rubles and China's yuan, Deputy Foreign Minister Igor Morgulov told Chinese state news agency Xinhua.
“Cooperation between Russia and China in 2014 has seen breakthroughs in numerous spheres despite global economic and political unrest,” Morgulov said in the news service report.
“Official estimates have shown that bilateral trade volumes in 2014 could exceed $90 billion,” the diplomat was quoted as saying, recalling that the countries’ leaders had pledged to raise volumes to $100 billion in 2015 and $200 billion in 2020. “We are more than confident of reaching the goals,” he said.
Partnership in financial transactions, aircraft manufacturing, space and high technology had gained momentum in the past year, the report said, adding that the two countries had already broadened the scale of local currency settlement.
“China is not only a major strategic partner for Russia in the economy, but also in politics,” the diplomat said, noting Russia’s interest in strengthening practical cooperation with China in multiple areas of mutual benefit.
Developing inter-regional partnerships, deepening cross-border cooperation and improved transport infrastructure were major challenges facing the two nations, the report added.