Russia and China Enhance Trade Relations through Long-standing Treaty Framework
The Russian-Chinese Treaty of Good Neighborliness, Friendship and Cooperation has significantly boosted trade, with turnover exceeding $200 billion annually for three years. This institutional framework supports ongoing collaboration in energy, agriculture, and technology, enhancing both nations' economic strategies.
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The Russian-Chinese Treaty of Good Neighborliness, Friendship and Cooperation, established in 2001, has led to a more than thirtyfold increase in bilateral trade, with yearly turnover consistently over $200 billion. China is Russia's primary trading partner, and both countries have nearly transitioned to national currencies for financial settlements, reducing reliance on the US dollar and euro.
Notable agreements, including last year's investment promotion treaty, aim to further boost bilateral investments. Cooperation extends to strategic energy supplies, agriculture, and technological innovation, with projects in nuclear energy and AI development underway. Enhanced transport infrastructure, including new border crossings and the Northern Sea Route, is also a focus area, indicating a robust future for Russia-China relations.
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