12:43 GMT19 January 2021
Listen Live
    Get short URL

    MOSCOW (Sputnik) – The Russian government said on Thursday it planned to increase the volume of bilateral trade with China to $200 billion by 2024, while the volume of Russian-Indian trade is expected to reach $30 billion over the same period.

    "The volume of bilateral trade between Russia and China [is planned] to grow to $200 billion… The volume of bilateral trade between Russia and India [is planned] to rise to $30 billion," the government said in a statement on the main areas of its activities through 2024.

    The document added that the Chinese investment in the Russian economy was expected to be increased to $15 billion.

    According to the statement, the volume of trade between Russia and the Middle Eastern and Northern African countries is expected to reach $50 billion, while the volume of Russia’s trade with Sub-Saharan African states is expected to grow to $7 billion.

    The volume of trade between Russia and Latin American countries is planned to be boosted to $20 billion.

    According to the official figures, Russian-Chinese trade grew by 20.8 percent to $84 billion in 2017. The Chinese Commerce Ministry said in May that bilateral trade with Russia might surpass $100 billion in 2018 and reach $200 billion in 2020.

    Russian-Indian trade amounted to $9.4 showing a 21.4 percent year-on-year increase in 2017.


    China and EU can Jointly Counter Protectionism - Former French Prime Minister
    China's Meddling in US Affairs Reaches Unacceptable Level - Official
    US Flies More B-52 Bombers Near Disputed Territories in South China Sea
    Pope Francis Urges to Develop Dialogue With China After Bishop Nomination Deal
    China, US Can Compete While Avoiding 'Cold War State of Mind' - Beijing
    Cosby Sentenced 3-10 Yrs; Trump Targets China, Iran and Venezuela in UN Speech
    economy, trade, China, Russia
    Community standardsDiscussion