Asia & Pacific

Russia-China Relations Have Reached Highest Level Ever, Continue to Strengthen – Putin

Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands after speaking to the media during a signing ceremony following their talks at The Grand Kremlin Palace, in Moscow, Russia, March 21, 2023

Being updatedMOSCOW (Sputnik) – Relations between China and the Russian Federation are stronger than ever and continuing to strengthen, Russian President Vladimir Putin said on Wednesday.“Today, Russia-China relations have reached the highest level ever, and despite the difficult global situation continue to get stronger,” Putin said in an interview with Xinhua News Agency, ahead of a state visit to China. Putin said that the unprecedented level of strategic partnership between Russia and China contributed to his decision to choose China for his first state visit after his most recent inauguration as President of the Russian Federation.Russia-China trade and economic relations are developing rapidly and are showing immunity to external challenges, Putin said. “Trade and economic relations between our countries are developing at a fast pace, showing strong immunity to external challenges and crises. Over the past five years, we have doubled the Russia-China turnover: it reached US$227.8 billion last year, against US$111 billion in 2019,” Putin said in an interview with China’s Xinhua news agency. Putin said more than 90% of settlements between Russian and Chinese companies are made in the countries’ national currencies. “So it would be more accurate to say that bilateral trade currently totals about 20 trillion rubles [about $219 billion], or nearly 1.6 trillion yuan. China has remained our key business partner for 13 years, and in 2023, Russia ranked 4th among the PRC’s major trading partners,” he said.

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