Russia, Iran and Turkey will establish a Foreign Trade Action Plan among themselves and will cease to use the US$ as a trading currency between them.
Russian Prime Minister Dmitry Medvedev has set a US$200 billion target for bilateral trade between Russia and China.
Russia and China discuss the possibility of involving Chinese companies in the construction and upgrading of power plants in the Russian Far East.
Russia is powering ahead with its digital technology plans and is set to become a “fast follower” 5G nation on the global stage.
The Russian Finance Ministry has announced plans to “de-dollarize” by 2024, that is, to wean the country off US dollar dependence.
British business is looking at other markets. One of them, despite the political coldness between London and Moscow, is the Russian market.
Russia and Uzbekistan have agreed to US$27 billion worth of investment deals with Russia at the first Russian-Uzbek Inter-regional Cooperation Forum, held last week in Tashkent.
Chinese companies are ready to deploy their own advanced technology, equipment, and engineering in the construction of infrastructure in Russia’s Far East.
Buoyed by an economy re-modelling itself after Western-imposed sanctions, Russia’s exports are expected to grow to US$250 billion by 2024.
The Russian Ministry of Industry and Trade have announced that Chinese and Indian companies are investing millions of dollars in the Klyuchevskoye Gold Depots.