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Trade turnover between Russia, China exceeds $200 bln in 2023 — Novak

Russia is traditionally the largest oil supplier to China, the minister said, adding that the implementation of all planned projects is expected to allow increasing the total volume of natural gas exports to China to 100 bln cubic meters

MOSCOW, December 15. /TASS/. Trade turnover between Russia and China has exceeded $200 bln in 2023, with energy resources accounting for one third of those volumes, Russian Deputy Prime Minister Alexander Novak said following the meeting of the intergovernmental commission on energy cooperation between the two countries, the cabinet reported.

"Deputy Prime Minister stressed the unprecedented level of growth of trade turnover between Russia and China, which has already surpassed $200 bln by now. Trade in energy resources accounts for one third of this volume," the report said.

Russia is traditionally the largest oil supplier to China, Novak said, adding that the implementation of all planned projects is expected to allow increasing the total volume of natural gas exports to China to 100 bln cubic meters.