LOC14:28
11:28 GMT
MOSCOW, May 8 (KUNA) -- Russian President Vladimir Putin affirmed on Thursday that relations with China are experiencing "unprecedented momentum," stressing that the energy sector is the main driver pushing this partnership toward broader horizons.
During talks with his Chinese counterpart Xi Jinping at the Kremlin, Putin said the two sides exchanged "in-depth and strategically significant views, reflecting the depth of political and economic understanding" between the two countries.
The Russian president explained that Moscow and Beijing are in the process of launching new joint initiatives in the energy sector, while long-term action plans have been established, which both governments are actively working to implement.
He pointed out that trade volume between Russia and China has reached record levels, though it has not yet hit its maximum potential, prompting both sides to continue their efforts to maintain this positive momentum.
Putin emphasized that cooperation between Russia and China is not limited to the energy sector but also extends to a wide range of fields, including investments. He noted that an updated agreement between the two governments on the promotion and protection of mutual investments will soon be signed.
He expressed confidence that this agreement will contribute to improving the business environment and creating a more favorable investment climate, thereby enhancing opportunities for economic cooperation between the two sides.
In a related context, the Russian president welcomed the relocation of Chinese industrial production facilities to Russian territory, pointing out that Moscow is not merely opening the door to investment but is also supporting the transfer of Chinese industrial expertise into the Russian market.
He affirmed that Russia is working to create comfortable conditions for Chinese companies to operate, ensuring the sustainability and future expansion of cooperation.
For his part, the Chinese president stated that his country and Russia have managed to maintain positive momentum in their bilateral relations thanks to joint efforts.
He noted that the continued cooperation serves the interests of both peoples and contributes to international stability.
The talks were held on the sidelines of the Chinese president's visit to Moscow to participate in celebrations marking the 80th anniversary of the victory over Nazism. (end)
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