Putin: Russia and China conclude a broad package of agreements and shift almost all trade to rubles and yuan
Russian President Vladimir Putin announced the signing of a broad package of agreements with China covering governmental, trade and administrative areas, noting that the two countries have switched to conducting their trade transactions in national currencies. In a press conference following talks with Chinese President Xi Jinping in Beijing and the signing of the package of agreements between the two countries, the Russian president stated that relations between Russia and China have reached an unprecedented level and continue to develop.
He added that many of the agreements signed between Russia and China aim to deepen economic cooperation, and the Russian president noted that he discussed with his Chinese counterpart all the main areas of cooperation between Russia and China.
He also stressed that Russia and China are working hard to develop industrial cooperation and strengthen their partnership in the field of vital elements and minerals.
Putin: Russia and China are important trading partners
The Russian president described trade relations between Russia and China as a vital and strategic partnership, emphasizing that the two countries are important trading partners for one another. He also revealed a qualitative shift in the mechanisms for settling trade between the two countries, stating: “Almost all Russian-Chinese import and export transactions are conducted in rubles and yuan.”
The Russian president added that Russia and China are working together to develop transport routes and logistics services, stressing that this development will contribute to increasing the speed of transporting goods between the two countries.
Putin: Russia is close to completing the construction of nuclear power units in China
The Russian president stated that Russia is nearing completion of the power units at nuclear power plants in China, and that their operation will make a significant contribution to the energy supply of the Chinese economy. Putin said, “The construction of the Russian-designed power units at the Tianwan and Xudapu nuclear power plants is nearing completion. Their operation will make a significant contribution to the energy supply of the Chinese economy and will help provide energy to Chinese businesses and households.”
Putin: Russia is ready to guarantee uninterrupted energy supplies to China
The Russian president affirmed his country’s readiness to continue ensuring a reliable and uninterrupted supply of energy to China, while also noting the great potential for cooperation between the two countries in the field of renewable energy.
Putin said: “Russia and China are actively cooperating in the energy sector. Our country is one of the largest exporters of oil, natural gas, including liquefied gas, and coal to China. And we are, of course, ready to continue to ensure a reliable and uninterrupted supply of all these fuels.”
In addition to traditional energy sources, the Russian President pointed to the great potential of bilateral cooperation in the field of renewable energy, which opens up new prospects for partnership between the two countries.
Russian President Vladimir Putin also announced tangible positive results from the implementation of the visa-free regime between Russia and China, noting a significant and continuous increase in tourist flows between the two countries. Putin explained that this development opens new avenues for cooperation in the tourism and services sectors.
Burathanews.com