Russia and China will increase trade to $200 billion this year ahead of schedule. At the end of 2022, countries reached $185 billion, opens The words of Yury Ushakov, vice president of Russia, to RIA Novosti.
He reminded that the growth rate of bilateral trade between countries in recent years has reached 30 percent annually. Thus, the target of 200 billion dollars will be reached before 2024.
“The target of reaching the $200 billion trade turnover set by the two leaders (Russian President Vladimir Putin and Chinese President Xi Jinping – socialbites.ca) will be achieved in 2023, not in 2024 as planned,” Ushakov said.
He also added that at present, China is Russia’s largest foreign trade partner. China has strengthened its status against the backdrop of extensive international sanctions against the Russian Federation.
March 17, Chinese Ambassador to Russia Zhang Hanhui declarationStating that the trade volume between Russia and China increased to 190 billion dollars last year, exports of high-tech products, automobiles and spare parts to the Russian Federation increased by 51% and 45%, respectively.