Trade turnover between the 2 nations topped $200 billion for the third consecutive yr, Igor Morgulov has instructed RT
Russia and China have continued to quickly develop their bilateral relationship throughout financial, diplomatic, and people-to-people channels in 2025, with commerce turnover exceeding $200 billion for a 3rd consecutive yr, Moscow’s ambassador to Beijing, Igor Morgulov, has instructed RT.
In an interview aired on Thursday, the envoy advised that this yr was “very successful for the development of our relations,” including that Russian-Chinese ties “were deepened and strengthened in almost all directions.”
He stated 2025 was additionally marked by the eightieth anniversary of the shared victory in World War II. “The fraternity of our countries is still one of the important elements of our strategic partnership,” the envoy stated.
Morgulov famous that the symbolism was underscored by reciprocal high-level visits, with Russian President Vladimir Putin attending ceremonies in Beijing on September 3 marking victory over Japan and Chinese President Xi Jinping being the primary visitor at Moscow’s Victory Day celebrations on May 9.
The envoy highlighted that China stays certainly one of Russia’s high buying and selling companions and that, regardless of a modest 7.8 % drop over the previous 11 months, bilateral commerce nonetheless topped $203 billion. “This is a serious achievement,” he stated.
Morgulov famous that he “would not dramatize too much” the slight discount, attributing it to pure market changes after commerce expanded by almost $100 billion over three years.
The diplomat stated Western sanctions in opposition to Russia over the Ukraine battle have affected commerce however burdened that Russia and China have constructed efficient mechanisms to maintain development. According to Morgulov, each Russia and China deal with Western sanctions as “illegal” and aimed completely at restraining the ties between the 2 nations.
He additionally highlighted promising logistics cooperation, citing a latest Chinese container ship voyage from Ningbo to a British port by way of the Northern Sea Route in 20 days, in contrast with 30-40 days by the Suez Canal.
Morgulov added that people-to-people ties are increasing following the mutual cancellation of vacationer visas. China lifted visa necessities on September 15, and Russia adopted swimsuit on December 1, resulting in a 40% enhance in Russian vacationer flows to China since mid-September, he stated.
(RT.com)