Vladimir Putin held talks in Beijing with President of the People’s Republic of China Xi Jinping on Friday.
The talks focused on the bilateral agenda and trade and economic cooperation. The President of China mentioned the intention to increase bilateral trade to US$250 billion. The President of Russia spoke about promoting the use of national currencies in mutual settlements, which the Chinese side supported. They also discussed bilateral military-technical cooperation, mutual recognition of coronavirus vaccines and the opening of borders depending on the epidemiological situation.
During the working lunch, the two leaders discussed the international situation and regional issues, in particular, the circumstances surrounding the security guarantees proposed by the Russian Federation. Xi Jinping thanked Vladimir Putin for his wholehearted support of the One China principle.
A joint Russia-China statement and a package of documents have been adopted within the framework of the visit.
They include an intergovernmental agreement on cooperation in anti-monopoly legislation and competitive policy and several other interdepartmental documents, such as the agreement on cooperation in ensuring compatibility and interoperability of GLONASS and BeiDou navigation satellite systems in terms of the system time scales; a joint statement on the completion of a roadmap for high-quality development of Russian-Chinese trade in goods and services; and a plan of consultations between the foreign ministries of Russia and China in 2022. In addition to that, the sides have signed a memorandum of understanding between the Russian Economic Development Ministry and the Chinese Ministry of Commerce to promote investment cooperation in sustainable (green) development, and a joint statement between the relevant ministries on holding the Russian and Chinese years of cooperation in physical education and sports in 2022–2023.
The commercial contracts signed are related to the purchase and sale of natural gas via the Far Eastern route, and the purchase and sale of crude oil for delivery to oil refineries in Western China. Other documents signed include a memorandum of understanding on cooperation in the field of low carbon development between Rosneft and China National Petroleum Corporation (CNPC), and an agreement on cooperation in the field of information development and digitalisation between Rosneft and Huawei Technologies for the period to 2027.
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