18:42 GMT26 January 2020
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    Finance minister Anton Siluanov also supported China’s initiative of creating an economic “Silk Road” that envisages serious investments in infrastructural projects and will ease trade relations between China and Europe.

    ST. PETERSBURG (Sputnik) – Russia is interested in Chinese investments, and cooperation in the field will develop, Russian Finance Minister Anton Siluanov said Friday.

    “We are currently in closed conditions on the western markets and are getting closer and closer to joint actions and cooperation with China. We’re talking about mutual financial actions, not just the possibility of interaction of the financial markets, but also attracting Chinese investments into our economy,” Siluanov said during a lecture in St. Petersburg.

    Siluanov also supported China’s initiative of creating an economic “Silk Road” that envisages serious investments in infrastructural projects that will ease trade relations between China and Europe.

    “Trade relations between Asia and Europe run right through Russia and the creation of conditions for the transit of goods and cargoes may very well raise Russia’s economy. We support the Silk Road initiative so as to set up deeper ties between our countries.”

    Moscow and Beijing have been actively developing bilateral cooperation over the past years, most notably in the energy sphere.

    China, one of the world’s fastest growing economies and the largest energy consumer, and Russia, a major hydrocarbon producer and exporter, have signed several ambitious agreements, including a 30-year gas supply contract.

    The two states have also worked to boost mutual payments in national currencies.

    Last month, Chinese Foreign Minister Wang Yi stated that the trade turnover between China and Russia is likely to reach $100 billion in 2015.

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    Tags:
    cooperation, investment, Silk Road Economic Belt, Russian Finance Ministry, Anton Siluanov, China, Russia
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