Russia touts positive relations with China, says trade turnover may reach $200 billion

It’s no shock to see Russia speak up their deepening ties with China as each international locations haven’t been shy to reaffirm their help for each other in current occasions. For some context, Russia’s commerce turnover with China elevated by virtually a 3rd – nearing $190 billion. And that determine is anticipated to extend additional to $200 billion and above this yr.

Given the newest traits, Russia might nicely overtake the US as China’s largest commerce associate within the subsequent decade if relations between the latter two don’t enhance within the years forward – which appears very very similar to the baseline situation.