Turnover between Moscow and Beijing could surpass $200 billion by the end of the year, Igor Sechin has suggested
Moscow is on course to become Beijing’s largest foreign trade partner, after the US, Rosneft CEO Igor Sechin told the Russian-Chinese energy business forum in Beijing this week.
China has been Russia’s largest trade partner for over a decade while this year Moscow placed fourth on Beijing's list, but this year’s surge in bilateral trade signals a change in rankings, he stated.
“If such bilateral trade dynamics continue, Russia may become China’s second largest trading partner after the US in the coming years,” Sechin suggested, noting that this would rank Russia ahead of Japan and South Korea. Both countries have seen a sharp drop in bilateral trade with Beijing, he added.
Sechin observed that trade turnover between Russia and China has jumped by nearly 30% in the first nine months of the year, to roughly $176 billion.
“There is every reason to believe that trade turnover between our countries will exceed the target of $200 billion this year,” he said.
Total turnover over the past five years has grown to $660 billion, with energy making up more than 75% of Russian exports to China, Sechin added.
The Rosneft head noted that both China and Russia are currently carrying out “structural reorganization of the economy under increased external pressure,” referring to sanctions imposed by Western nations, which have largely targeted Russia, but also partly Chinese companies, especially in the tech sphere......More Below
https://www.rt.com/business/585525-russia-china-trade-surge/
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 ...
