Russia’s Putin moving to bolster ties with China

PanARMENIAN.Net - Amid a bitter crisis in relations with the West over Ukraine, Russia's President Vladimir Putin is moving to bolster ties with China, the Associated Press reports.

Putin said in an interview with the Chinese media released by the Kremlin Monday, May 19, a day before his trip to Shanghai, that Russia sees relations with China as a top priority and their ties now are the best ever.

He said that a deal on Russian natural gas exports to China is close to be signed, adding that it would allow Russia to diversify its export routes and let China meet its growing demand for energy.

Russia, which sends the bulk of its gas exports to Europe, has sought to develop an alternative export link to China, but the two nations have been locked for years in difficult talks over price.

"In the context of turbulent global economy, the strengthening of mutually beneficial trade and economic ties, as well as the increase of investment flows between Russia and China are of paramount importance," Putin said.

The two countries have developed what they dub a "strategic partnership" after the 1991 Soviet collapse, including close political, economic and military ties in a shared aspiration to counter the U.S. domination.

Putin said that Russia would welcome more Chinese investments, in particular in a free trade zone currently being established in the far eastern port of Vladivostok.

"Obviously, we are interested in that Chinese businessmen make use of these opportunities and become one of the leaders here, since both Russia and China will benefit from an accelerated development of the Russian Far East," he said.