“Kommersant” said what Russia and China agree on at the counter

Photo: kremlin.ru/ Economy

The Chinese and Russian authorities are counting on a further increase in trade turnover and the “optimization” of its structure, writes Kommersant.

In 2022, the increase in mutual trade between countries amounted to about 30%. This happened against the background of a reorientation of Russian imports and exports to Eastern markets. After imports to Russia from Western countries decreased by 11.7%, imports of products from China increased by 12.8%. According to analysts, the indicator signals that Beijing and Moscow have been able to effectively develop their economic relations in difficult economic conditions.

In a joint statement between Vladimir Putin and Xi Jinping, the two states plan to strengthen their trade ties and improve the quality of cooperation. Among other things, it is planned to expand the use of national currencies in mutual settlements and to continue the exchange of experiences in the field of payment systems.

The Chinese leader’s visit to Moscow takes place from March 20 to 22. Global media have already published documents assessing Xi Jinping’s arrival for talks with the Russian president.