Sanctions have opened the Russian market up for innovative products and investment from China, according to an expert
Chinese companies are looking to fill vacant niches in the Russian market after the departure of Western firms due to sanctions, a member of the Russian-Chinese Technology and Innovation Chamber, Wu Zhang, has said.
A host of Chinese businesses are interested in investment projects in Russia and are keen to build plants and showrooms to display their products, in particular, innovative household appliances, auto parts, and robotics, Wu said at a meeting of Russia’s Association of Small Businesses on Monday.
He also highlighted the prospects for cooperation in tourism once the Covid-19 restrictions are lifted in China, adding that the two countries are now enjoying “the best relations in history.”
This comes as Russia-China economic ties are seeing strong momentum, with mutual trade turnover approaching $150 billion over the past ten months. The countries have also accelerated efforts to move away from the US dollar and euro in trade and towards settlements using the domestic currencies.
READ MORE: Russia-China trade soars – official
Speaking via video link at the 27th iteration of a regular meeting that brings the Chinese and Russian heads of government together, Premier Li Keqiang told his counterpart Mikhail Mishustin that many banks in both countries have connected to each other’s payment systems to facilitate cross-border transactions. He stressed that the move was “very important for the smooth functioning of production and supply chains.”
Moscow and Beijing previously agreed to conduct energy transactions using the national currencies instead of the dollar. According to Mishustin, nearly half of all trade between the two countries is now done using the Russian ruble or Chinese yuan.
https://www.rt.com/business/567705-china-russia-investment-projects/
Mohsen Rezaee, a member of the Expediency Discernment Council, has said preconditions include reparations and security guarantees
For the ongoing conflict between Iran and the US to conclude, the latter must withdraw its military forces from the Persian Gulf, according to a member of the advisory board of Iran’s supreme leader.
Mohsen Rezaee, a retired major general and former commander of the Islamic Revolutionary Guard Corps (IRGC), added that Tehran would also seek full restitution for the damage done and ironclad security guarantees from Washington.
In an interview with Iran’s SNN TV broadcaster published on Saturday, the member of the Expediency Discernment Council said that the “presence of the US in the Persian Gulf has been the main cause of insecurity over the past 50 years.”
“The end of the war is also in our hands,” Rezaee claimed, naming the “US withdrawal from the Persian Gulf” among the key prerequisites. Additionally, Iran expects to receive reparations from the ...
The spokesman for the Khatam al-Anbiya Central Headquarters has accused the United States and Israel of deploying a rebranded copy of Iran’s Shahed-136 drone, designated “Lucas,” to carry out attacks on civilian infrastructure in regional countries as part of a deliberate false-flag operation aimed at framing the Islamic Republic.
In an official statement released today, the spokesman explained that after suffering military setbacks on the battlefield and failing to build political coalitions against Iran, the enemy has resorted to deception.
The statement specifically warned that the objective of these operations is to “create doubt and accuse the Islamic Republic of Iran” while sowing discord between Tehran and its neighbors, thereby undermining the legitimacy of Iran’s defensive actions.
The spokesman pointed to a series of “suspicious attacks” in recent days on facilities in friendly neighboring countries, including Turkey, Kuwait, and Iraq, which Western media outlets and hostile ...
The Islamic Revolution Guards Corps (IRGC) has announced the execution of the 51st wave of Operation True Promise 4, launching missile strikes against US military installations across the region in retaliation for ongoing American-Israeli aggression against the country.
The IRGC announced the latest wave was carried out using a combination of liquid-fuel and solid-fuel missiles against US terrorist army forces at the Al Kharj Air Base in Saudi Arabia.
According to the IRGC statement, Al Kharj base served as the "origin of aggressions against the Islamic homeland," functioning as the staging ground for US F-35 and F-16 fighter jets involved in attacks on Iran.
The base also houses fuel supply aircraft and serves as the main hub for American AWACS surveillance planes.
Concurrently, the spokesman for the Khatam al-Anbiya Central Headquarters confirmed that the fiftieth wave of the operation struck multiple US terrorist army bases.
They include the Al Dhafra Air Base and Fujairah in the UAE, Jufair in ...
