Trade between Russia and China could reach $200bn ahead of schedule – Sechin

Speaking at the IV Russian-Chinese Energy Business Forum, the head of Rosneft, Igor Sechin, said that by the end of 2022, the trade turnover between Russia and China could reach $ 180-190 billion. This was announced today, November 29, TASS reports.

According to him, trade and economic relations between the two countries continue to develop.

“Against the backdrop of the global energy crisis, trade and economic relations between our countries represent a pole of stability and growth. At the end of 2021, China took first place in the list of Russia’s trading partners. For 10 months of this year, the trade turnover between Russia and China reached $ 153.9 billion, an increase of 33% year on year. If the pace is maintained, by the end of this year, the trade turnover can reach a record high of $ 180-190 billion,” Sechin said.

At the same time, as the head of Rosneft noted, the task set to achieve $ 200 billion in trade can be completed even ahead of schedule – 2024.

He emphasized that the development of trade and the increase in trade between Russia and China led to a significant increase in the volume of settlements in national currencies.

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