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Energy projects to help reach $200 billion trade with China by 2020 — Medvedev

November 05, 2016, 1:07 UTC+3 MOSCOW

Russian Prime Minister Dmitry Medvedev called for focusing on key aspects of bilateral cooperation

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MOSCOW, November 4. /TASS/. Russia and China may reach the goal of $200 billion trade by 2020 but energy and high technology sectors along with traditional trade should move up a gear, Russian Prime Minister Dmitry Medvedev said in an interview with the Chinese Central Television.

"Indicators have been improving this year as a result of joint work of the two states, including our countries’ leaders, governments, ministries, agencies and businesses," Medvedev said.

"I am convinced that if we move ahead like this, by 2020 we will be able to reach the trade of $200 billion worth. However, attention should be turned to key aspects of cooperation," he said explaining he implied the energy sector, with some projects like the Power of Siberia gas pipeline.

"In 2015 construction of the eastern stretch of the gas pipeline was launched," he said. "Also, it includes oil supplies along the Skovorodino-Mohe (oil pipeline) extension and construction of large facilities, in particular the construction of Unit 3 at the Tianwan Nuclear Power Plant."

Besides, high-tech projects should be enhanced, he said. "I mean wide-body jets, heavy helicopters and other projects in the high-tech sector," Medvedev said. "It seems to me that if we diversify trade like this, our countries will be quite capable of reaching the level which we agreed upon several years ago," he said in conclusion.

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