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China to cooperate with Russia despite the sanctions

Photo: polit.info

US sanctions will not affect the trade and economic relations between Russia and China, official representative of the Ministry of Commerce of China Gao Feng has stated.

"We hope that Russia and the United States will be able to resolve their differences on the basis of mutual respect and equality. Relations between Russia and China are stable and mature, the external situation cannot influence them,” RIA Novosti quotes him as saying.

At the same time, China has always been negative about any unilateral sanctions, the official stressed.

Now the Chinese side plans to take all possible measures to increase trade with Russia. Current year it should exceed $ 100 billion.

Last year, the Russian-Chinese trade value increased by 20.8% by 2016, to $ 84.07 billion. Significant increase in trade turnover became noticeable already in the first quarter due to the recovery of oil prices, which is the main item of Russian exports to China, and the strengthening of the ruble led to an increase in imports of Chinese goods to Russia.

This year, China opened its market for Russian grain. In February 2018, the Chinese lifted the ban on the wheat import from six regions of Russia, which was in effect because of the Indian and dwarf smuts contamination. It means products from the Altai and Krasnoyarsk Territories, from the Amur, Novosibirsk, Omsk and Chelyabinsk regions.

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