2/9/2014 18:02
RIA Novosti

Russia

Russia-China Trade May Top $100Bln by Year-End – Presidential Aide

Russian presidential foreign policy aide Yuri Ushakov
18:24 16/05/2014
Tags: trade, Yury Ushakov, China, Russia

MOSCOW, May 16 (RIA Novosti) – Russia's trade with China may reach the $100 billion mark by the end of the year, Russian presidential foreign policy aide Yuri Ushakov told reporters Friday.

“The outlook for this year is very favorable, judging from the growth rates for trade in the first quarter of 2014, we can go as far as $100 billion in bilateral turnover by the end of the year,” he said.

Ushakov added that China remains a major trading partner for Russia, with bilateral trade reaching $88.8 billion last year.

According to data released in early May by China’s General Administration of Customs, Chinese-Russian trade turnover for the first quarter period increased by 3.4 percent year-on-year to $29.05 billion.

In line with the most recent figures, Chinese Ambassador Li Hui earlier lauded the continued growth of Russian-Chinese bilateral cooperation. In a continued effort to cement business ties with Beijing, Russian President Vladimir Putin is expected to visit China next week to sign a number of bilateral agreements, including potential Russian gas supplies to China.

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RIA NovostiRussian presidential foreign policy aide Yuri UshakovRussia-China Trade May Top $100Bln by Year-End – Presidential Aide

18:24 16/05/2014 Russia's trade with China may reach the $100 billion mark by the end of the year, Russian presidential foreign policy aide Yuri Ushakov told reporters Friday.>>

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