China and Russia Vow to Deepen Economic Ties Amidst Western Sanctions

Benzinga 2023-09-20

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China urges increased cross-border connectivity and deeper trade and investment cooperation with Russia despite Western sanctions against Russia over its invasion of Ukraine. Chinese and Russian officials met in Beijing on September 20th and reiterated their commitment to strengthening economic ties. The Russian Far East and the development of transport links there are important for Russia to diversify its export markets away from Europe. Several new infrastructure projects along the Russia-China border are planned. Both countries aim to boost cooperation in key commodities like energy, food, and marine products. This includes plans to develop grain and seafood trade corridors between Russia and China.

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