Xi Jinping: Energy is the cornerstone of China-Russia cooperation

China intends to build a closer partnership with Russia in the energy sector, Chinese leader Xi Jinping said. He called energy the cornerstone of cooperation between the two countries. It, according to him, continues to develop steadily, despite “external challenges”.

Mr. Xi sent a telegram to the participants of the Russian-Chinese energy business forum that opened in Moscow. The head of China said that China and Russia have strengthened interaction and cooperation, and also promoted major joint projects. “China is ready to work with Russia to forge a closer energy partnership, promote the development of green energy, jointly maintain international energy security and the stability of production and supply chains, and make new contributions to the long-term healthy and sustainable development of the international energy market,” it said. in a telegram (quote from RIA Novosti).

Head of Rosneft Igor Sechin during his speech at the forum informedthat from January to October, the volume of Russian oil supplies to China increased by 9.5%, to almost 72 million tons. As of October, Russia occupied second place in terms of oil supplies to China. According to Bloomberg, Chinese authorities are partially reduced purchases of oil from the Russian Federation in anticipation of possible discounts due to the price ceiling that Western countries are discussing.

Details – in the publication “Kommersant” “He’s not low, not high”.

Laura Keffer