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Russia-China energy trade rises by 64% since in 2022 in monetary terms

Earlier, Alexander Novak emphasized that relations between Russia and China are not influenced by external market changes, but based on similar fundamental interests and deep mutual trust and respect

MOSCOW, November 29. /TASS/. The Russian-Chinese trade turnover in the energy sector since the beginning of 2022 has increased by 64% in monetary terms and by 10% in physical terms, Russian Deputy Prime Minister Alexander Novak said at the 4th Russian-Chinese Energy Business Forum.

"China is becoming the largest consumer of Russian energy. This year, trade turnover in the energy sector has grown by 64% compared to last year, in physical terms, deliveries have grown by about 10%," he said.

Earlier, Novak emphasized that relations between Russia and China are not influenced by external market changes, but based on similar fundamental interests and deep mutual trust and respect.

He added that Russia and China plan to jointly production of equipment for the energy industry. "China is one of the key manufacturers of equipment in the oil and gas sector. There is already close cooperation on the supply of oil and gas equipment for projects in Russia," he said. "We plan to jointly work on the development and production of equipment that can be used both in China and in Russia," Novak added.

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