China and Russia have been in a honeymoon of sorts since last year, when the two countries signed deals on natural gas and currency exchange, and when they conducted a joint military exercise in the East China Sea. Senior leaders from the two sides will continue to meet often this year but it remains to be seen whether the personal friendship between Putin and President Xi Jinping of China will elevate the two countries’ bilateral relationship to the level of strategic partners.
The crisis over Russian intervention in Ukraine and subsequent economic sanctions on Moscow have deepened and broadened Sino-Russian cooperation in the areas of international politics, economy, defense, energy, investment, culture and technology. The value of bilateral trade has reached US$100 billion and is expected to top US$200 billion in five years. Continue reading
Turkey and Iran will implement single customs territory to facilitate trade between the two countries, Turkish Customs Minister Nurettin Canikli announced Wednesday.
MOSCOW (Sputnik), Ekaterina Blinova — By involving India and Russia in its “One Belt, One Road” project, China has dealt a final blow to ambitious New Silk Road initiative, launched by the United States in 2011.
“Since China’s “One Belt and One Road” strategy, which refers to the Silk Road economic belt and the 21st century maritime Silk Road, was initiated at the end of 2013, significant progress has been made and increasing support has been garnered from the international community,” the Global Times, a Chinese English-language media outlet noted. Continue reading