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Russia expects trade with China to reach $200 billion by 2024 -report

01 Tháng Năm 2022
Russia expects trade with China to reach $200 billion by 2024 -report © Reuters. FILE PHOTO: Men move bags of goods for export in front of a trading centre that houses shops and offices with Russian goods and services, in Beijing, China April, 1 2022. REUTERS/Tingshu Wang

(Reuters) -Russia said on Saturday it expected commodity flows with China to grow and trade with Beijing to reach $200 billion by 2024, as Moscow faces mounting isolation from the West.

China has refused to condemn Russia's actions in Ukraine and has criticized the unprecedented Western sanctions on Moscow. The two countries have bolstered ties in recent years, including announcing a "no limits" partnership in February.

"We are focused on achieving the goal set by the heads of state to bring bilateral trade turnover to $200 billion by 2024," Georgiy Zinoviev, head of the Russian foreign ministry's first Asia department, told the Interfax news agency.

"Moreover, we suggest that reaching this ambitious figure earlier than planned is quite possible."

With Russian trade buffeted by sanctions, Zinoviev said time was needed to adapt. He said China's struggle with COVID-19 in recent weeks was also a factor that could complicate efforts.

"Chinese business remains interested in expanding its presence in Russia, for whom additional opportunities are opening up given the departure of some Western companies," Zinoviev said.

He acknowledged the risk of secondary action that Chinese companies could face if they help Russia circumvent sanctions, but said that a significant increase in cooperation was likely nonetheless.

"It is clear that in the current situation many Chinese economic operators have to exercise caution, given the likelihood of secondary sanctions," said Zinoviev.

"I am convinced our partners and us will be able to use the current situation to our common interests and fully unlock the potential for a significant increase in cooperation in all areas."

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21-05-2022 19:53:17 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

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↑ Buy

Moving Avg:

Buy (12)

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Indicators:

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EUR/USD

1.0562

-0.0024 (-0.23%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (7)

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GBP/USD

1.2489

+0.0029 (+0.23%)

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USD/JPY

127.86

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AUD/USD

0.7039

-0.0008 (-0.11%)

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Sell

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USD/CAD

1.2839

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EUR/JPY

135.05

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EUR/CHF

1.0296

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Gold Futures

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Silver Futures

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Copper Futures

4.3042

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Crude Oil WTI Futures

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Brent Oil Futures

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US Coffee C Futures

216.48

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Euro Stoxx 50

3,657.03

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S&P 500

3,901.36

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DAX

13,981.91

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FTSE 100

7,389.98

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20,717.24

+596.56 (+2.96%)

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US Small Cap 2000

1,768.35

-7.87 (-0.44%)

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IBEX 35

8,484.50

+78.50 (+0.93%)

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

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63.74

+0.34 (+0.54%)

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Buy

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195.58

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172.80

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6.852

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115.08

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9.362

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 EUR/USD1.0562↑ Buy
 GBP/USD1.2489Neutral
 USD/JPY127.86Neutral
 AUD/USD0.7039Sell
 USD/CAD1.2839↑ Buy
 EUR/JPY135.05Neutral
 EUR/CHF1.0296↑ Buy
 Gold1,845.10↑ Buy
 Silver21.765↑ Sell
 Copper4.3042↑ Buy
 Crude Oil WTI110.35↑ Sell
 Brent Oil112.91↑ Sell
 Natural Gas8.058↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,875/ 6,975
(0/ 0) # 1,795
SJC HCM6,895/ 6,985
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Cập nhật 21-05-2022 19:53:19
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RON 95-V30.58031.190
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E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
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Ngoại tệMua vàoBán ra
USD23.000,0023.310,00
EUR23.879,5425.217,23
GBP28.128,1029.328,16
JPY176,49186,84
KRW15,8019,26
Cập nhật lúc 18:54:43 21/05/2022
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