Russia-China trade may reach $100bn by yearend: president’s aideMay 17, 2014 - 09:13 AMT PanARMENIAN.Net - Russia's trade with China may reach the $100 billion mark by the end of the year, Russian presidential foreign policy aide Yuri Ushakov said Friday, May 16, according to RIA Novosti. “The outlook for this year is very favorable, judging from the growth rates for trade in the first quarter of 2014, we can go as far as $100 billion in bilateral turnover by the end of the year,” he said. Ushakov added that China remains a major trading partner for Russia, with bilateral trade reaching $88.8 billion last year. According to data released in early May by China’s General Administration of Customs, Chinese-Russian trade turnover for the first quarter period increased by 3.4 percent year-on-year to $29.05 billion. In line with the most recent figures, Chinese Ambassador Li Hui earlier lauded the continued growth of Russian-Chinese bilateral cooperation. In a continued effort to cement business ties with Beijing, Russian President Vladimir Putin is expected to visit China next week to sign a number of bilateral agreements, including potential Russian gas supplies to China. Photo: RIA Novosti Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |