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December 15, 2017

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‘Election outcome won’t affect Russia-China ties’

RUSSIA and China will remain strategic partners in the long term regardless of the outcome of the upcoming Russian presidential election, Russian President Vladimir Putin said.

“I am fully convinced that the development of relations with China enjoys a national consensus in Russia, and irrespective of the outcome of the (Russian presidential) election campaign. Russia and China will remain strategic partners for an extensive historic perspective,” Putin said.

Putin reiterated China’s Belt and Road initiative is perfectly compatible and can be incorporated with the development of the Eurasian Economic Union and Russia’s proposals on a broad partnership in Asia.

He highlighted the two countries’ major joint projects including projects in the Arctic, liquefied natural gas plants, high-speed railway, high-tech sector and space sector, especially the promising prospects of potential cooperation in developing the Northern Sea Route.

“If we guarantee the use of it all year round, and I hope we may reach this goal quite fast, the circulation of articles between Asia and Europe will be more economically feasible than through the existing routes,” Putin said.

In the first three quarters of 2017, trade volume between China and Russia reached US$61.4 billion.




 

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