Behind the scenes, Chinese President Xi Jinping has instructed the Chinese government to establish closer economic ties with Russia. The newspaper wrote about it The Wall Street Gazette (WSJ).
According to journalists, the plan to expand economic ties includes an increase in imports of energy resources and agricultural products.
In addition, Beijing plans to expand energy cooperation with Moscow in the Arctic. China also plans to increase investment in Russian infrastructure.
The WSJ article notes that Russia and China are increasingly conducting bilateral financial transactions in their national currencies, which better protect both countries from possible sanctions.
Vitaliy Mankevich, former President of the Russian-Asian Union of Industrialists and Entrepreneurs acceptedThe trade volume between Russia and China may increase to $280-300 billion by 2024 due to the reorientation of the supply of various product categories from Europe to Asia and the improvement of reconciliation mechanisms between the two countries.