28.10.2024, 08:53
China assessed the impact of sanctions on the development of trade with Russia
Source: OREANDA-NEWS
OREANDA-NEWS Western sanctions will not be able to slow down or restrain the further development of Russian-Chinese trade and investment, this is only a technical problem, KIFA Sun Tianshu, co-organizer of the II Russian-Chinese Forum for Investment Development and Trade Cooperation, founder of the B2B digital trade platform between Russia and China, told RIA Novosti.
"Western sanctions certainly have a direct and indirect impact on Russian-Chinese trade and investment. However, if we consider the long-term strategic and comprehensive partnership between China and Russia, as well as the huge potential of our countries' markets, these are key factors for doing business. I believe that sanctions are a temporary factor that will not significantly affect the development of trade and investment between Russia and China," Sun Tianshu said.
"Sanctions are just technical problems and difficulties that can be overcome and appropriate solutions can be found. I do not believe that Western sanctions will be able to slow down or restrain the further development of Russian-Chinese trade and investment," he said.
The second Russian-Chinese Investment Development and Trade Cooperation Forum was held in Shenyang, northeast China's Liaoning Province from October 24 to 26. As Zhang Lilin, Deputy Governor of the People's Government of Liaoning Province, said earlier, representatives of 19 Russian regional governments, ten trade associations and 108 enterprises took part in the forum - a total of more than 230 people. In addition, on the Chinese side, companies from Beijing, Hebei, Jilin, Heilongjiang, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, Shaanxi, as well as from the Hong Kong Special Administrative Region took part in the forum - more than 2 thousand people in total.
"Western sanctions certainly have a direct and indirect impact on Russian-Chinese trade and investment. However, if we consider the long-term strategic and comprehensive partnership between China and Russia, as well as the huge potential of our countries' markets, these are key factors for doing business. I believe that sanctions are a temporary factor that will not significantly affect the development of trade and investment between Russia and China," Sun Tianshu said.
"Sanctions are just technical problems and difficulties that can be overcome and appropriate solutions can be found. I do not believe that Western sanctions will be able to slow down or restrain the further development of Russian-Chinese trade and investment," he said.
The second Russian-Chinese Investment Development and Trade Cooperation Forum was held in Shenyang, northeast China's Liaoning Province from October 24 to 26. As Zhang Lilin, Deputy Governor of the People's Government of Liaoning Province, said earlier, representatives of 19 Russian regional governments, ten trade associations and 108 enterprises took part in the forum - a total of more than 230 people. In addition, on the Chinese side, companies from Beijing, Hebei, Jilin, Heilongjiang, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, Shaanxi, as well as from the Hong Kong Special Administrative Region took part in the forum - more than 2 thousand people in total.
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