News Column

Russia and China Quietly Re-energize Bilateral Trade Talks

Dec. 6, 2012

Neighbouring powers Russia and China are aiming to double their bilateral trade to some 200 billion dollars by 2020, Russian Prime Minister Dmitry Medvedev said Thursday.

"This is ambitious, but doable," said Medvedev, who was meeting with his Chinese counterpart, Wen Jiabao, in Moscow.

Medvedev said he expects trade volume between the two countries to total 90 billion dollars in 2012.

The leaders agreed at the meeting that Russia would build two additional reactors at the Chinese nuclear power plant Tianwan, with the foundations to be poured by the end of the year.

However, the two sides did not come to an agreement over the price of Russian gas supplies to China.

Wen, who is on his last foreign trip as premier, told Russia that China would maintain close ties with the Kremlin, following the Communist country's recent leadership transition.

China and Russia would march side by side into the future, Wen said.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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