China and Russia Vow to Deepen Economic Ties Amidst Western Sanctions

Benzinga

China urges increased cross-border connectivity and deeper trade and investment cooperation with Russia despite Western sanctions against Russia over its invasion of Ukraine. Chinese and Russian officials met in Beijing on September 20th and reiterated their commitment to strengthening economic ties. The Russian Far East and the development of transport links there are important for Russia to diversify its export markets away from Europe. Several new infrastructure projects along the Russia-China border are planned. Both countries aim to boost cooperation in key commodities like energy, food, and marine products. This includes plans to develop grain and seafood trade corridors between Russia and China.

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00:00 It's Benzinga and here's what's on the block.

00:02 China urges increased cross-border connectivity and deeper trade and investment cooperation

00:07 with Russia, despite Western sanctions against Russia over its invasion of Ukraine.

00:12 Chinese and Russian officials met in Beijing on September 20 and reiterated their commitment

00:17 to strengthening economic ties.

00:19 The Russian Far East and development of transport links there are seen as important for Russia

00:24 to diversify its export markets away from Europe.

00:27 Several new infrastructure projects along the Russia-China border are planned.

00:32 Both countries aim to boost cooperation in key commodities like energy, food and marine

00:36 products.

00:38 This includes plans to develop grain and seafood trade corridors between Russia and China.

00:42 For all things money, visit Benzinga.com.

00:44 [BLANK_AUDIO]

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