Putin announced an increase in the volume of investments and the number of EAEU projects with China
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The EAEU countries, while working with China within the framework of the One Belt, One Road initiative, have already secured investments worth $24 billion. This volume is increasing, and the number of mutually beneficial projects is also growing, said Russian President Vladimir Putin.
IN interview to the Chinese media corporation, he said that these projects are beneficial “not only to the countries that receive some kind of loans under this initiative.” “They are also beneficial to the People’s Republic of China, because China also receives products from the implementation of these projects and receives conditions for better and greater development,” said Mr. Putin.
At the end of 2022, trade turnover between Russia and China increased by 29.3%, to a record $190.271 billion. For nine months of 2023, it increased by 29.5% year-on-year, to $176.4 billion. Assistant to the President of the Russian Federation Maxim Oreshkin called China is a key Russian partner. According to Vladimir Putin, Moscow and Beijing interested in establishing trade routes.
President of Russia will go to Beijing for the “One Belt, One Road” forum, which will take place on October 17–18.
About the upcoming forum – in the material “Kommersant” ““One China” has many opponents”.
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