15:44 GMT22 September 2020
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    2015 BRICS, SCO Summits in Russia's Ufa (73)

    Russia’s President Vladimir Putin will meet his Chinese counterpart Xi Jinping on Wednesday on the sidelines of the 15th Shanghai Cooperation Organization summit and the 7th BRICS summit, which are to be held from July 8-10 in Ufa, Russia.

    The two leaders will discuss a raft of bilateral cooperation issues and the implementation of the agreement signed during their May 8 meeting in Moscow.

    According to Russian presidential aide Yuri Ushakov, the meeting will focus on coordinating the Silk Road Economic Belt initiative and the Eurasian Economic Community, the SCO and BRICS and ensuring the two countries’ closer interaction on the international scene.

    During the previous Russian-Chinese summit in Moscow held as part of the May 9 Victory Day celebrations, the two countries inked over 30 interstate, intergovernmental and commercial accords.

    Vladimir Putin had previously met with China’s Foreign Minister Wan Yi, Director of General Office of Chinese Communist Party Li Zhanshu, parliamentary speaker Chang Dejiang, Vice Premier Zhang Gaoli and other top officials.

    The Russian-Chinese trade turnover grew 6.8% to $88.4 billion in 2014. It now stands at $20.6 billion – a 29.4 percent drop resulting from falling prices on fuel and other natural resources and the overall contraction of the import of Chinese goods.

    The two countries are still determined to bring their bilateral trade figure to $200 billion by 2010.

    2015 BRICS, SCO Summits in Russia's Ufa (73)


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