Thursday, October 9, 2014

China, Russia to sign 30 agreements during annual meet | The BRICS Post

Russia and China will ink more than 30 agreements on energy, finance and high-speed rail cooperation during the annual Russia-China Prime Ministers summit to be held on 13 October, China’s Foreign Ministry spokesperson announced on Saturday.

The two states’ premiers will also hold a meeting at the international forum Open Innovations on 14 October, said Chinese Foreign Ministry spokesman Hong Lei in Beijing. Russia has been attempting to shrug off its dependence on European energy markets and instead adopt a “look-east” policy towards China and India.

Chinese Premier Li Keqiang and Vice Premier Wang Yang will head for Russia for the 19th annual meet to hold talks with their Russian counterparts Dmitry Medvedev and Dmitry Rogozin.

The Prime Ministers summit this year follows successful meetings between President Xi Jinping and his Russian counterpart Vladimir Putin where the two leaders have overseen enormous Sino-Russian joint ventures, including a landmark $400 billion gas deal in Shanghai after a decade-long gas supply talks between the two countries.

Russia also plans to sign a new 30-year gas supply contract with China via the western route, Russian energy giant Gazprom’s CEO Alexei Miller told President Vladimir Putin last month.

As the US and EU step up pressure on Moscow with a new round of sanctions, Russia is seeking to strengthen ties with allies in the region, predominantly China.

Complete story at - China, Russia to sign 30 agreements during annual meet | The BRICS Post

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