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Putin sees potential of growth of Russian machinery exports to China

June 18, 2:14 UTC+3 ST. PETERSBURG
Russian President noted that both Russia and China need new technologies and both countries can be supplementary in this sphere
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ST. PETERSBURG, June 17. /TASS/. Russian President Vladimir Putin said on Friday he sees potential of growth in Russian machinery exports to China.

"For years, we have been speaking about the necessity to change the structure of our exports to China. Now, I can note with satisfaction that despite a slight decrease in overall volumes, Russia’s exports of machine-building products to China have increased, and increased considerably," Putin said at a meeting with CEO’s of the world’s leading news agencies organized by TASS on the sidelines of the St. Petersburg International Economic Forum.

"It cannot but be pleasing as demonstrating that we have possibilities of growth in these sectors," he stressed.

He noted that both Russia and China need new technologies and both countries can be supplementary in this sphere "as Russia has research and development potential of fundamental science with subsequent continuation in applied science" and further use in industry.

Russia maintains cooperation with other countries in such sectors as nuclear energy, rocket technologies, aviation, including military uses, he said. In his words, Russia and China have a high level of trust in this sphere and such cooperation will be continued.

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