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Russia hopes $250B bilateral trade with China

 Published: 08:57, 18 January 2023

Russia hopes $250B bilateral trade with China

Russia is optimistic to soon increase its bilateral trade turnover with Asia's top economy China to $250 billion, Kremlin spokesman Dmitry Peskov said on Tuesday.

Beijing is Moscow’s “great ally and trade and economic partner,” Peskov said at a news briefing in Moscow.

“The target of $250 billion is absolutely realistic. We hope that it will be achieved and surpassed in the near future,” he said.

On Russia’s efforts to increase the size of its armed forces, the Kremlin spokesman said the decision was necessitated by the “proxy war being waged on Russia by countries of the collective West.”

He said rumors of a new wave of military mobilization in Russia were being fanned from abroad, urging everyone to only rely on official statements from Moscow and its leadership.

On a possible meeting between heads of the Russian and US intelligence services, Peskov said such talks “would be useful” but there is no date on the cards yet.