MOSCOW, November 29. /TASS/. The trade and economic relations between Russia and China continue developing, Chief Executive Officer of Rosneft Igor Sechin said at the 4th Russian-Chinese energy business forum on Tuesday, adding that trade turnover between the countries might reach $180-$190 bln by the end of this year.
"Amid the global energy crisis, the trade and economic relationship between our countries represents stability and growth. China topped the list of Russia’s trade partners in 2021. In ten months of this year trade turnover between Russia and China reached $153.9 bln, up by 33% in annual terms. With those rates maintained, trade turnover may reach record $180-190 bln by the end of this year," he said.
Meanwhile, the goal to achieve $200 bln worth of trade turnover may even be met earlier than planned, Sechin added. Currently the plan is to meet the goal by 2024.
The development of trade and an increase in trade turnover between the neighboring countries have also spurred the growth of payments in national currencies, the CEO noted.