Key points of the China and Russia joint Statement

Key points of the China and Russia joint Statement

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On March 22, 2013, Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow and signed the “Joint Statement of the People’s Republic of China and the Russian Federation on the Win-Win Cooperation and Deepening of the Comprehensive Strategic partnership of cooperation”.

Some of the key points highlighted in the joint statement are as follows:

  • The two sides support each other the right to choose the path of development and social and political systems and support each other in the issues related to the core interests of each other such as sovereignty, territorial integrity, security and other issues.

 

  • To achieve a balanced development of the quantity and quality of economic cooperation, to boost the bilateral trade volume to reach 100 billion U.S. dollars in 2015 and $ 200 billion in 2020, as well as to promote the diversification of trade structure

 

  • To promote the use of local currency in bilateral trade, direct investment, credit and other fields

 

  • To actively carry out cooperation in the energy sector of the petroleum, natural gas, coal, electricity and new energy to build strong Sino-Russian energy strategic partnership to jointly safeguard the energy security of the region and the world

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