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The turn of the Russian Federation to Asia is associated with new opportunities and challenges - China Daily
Russia has indeed turned to Asia, during a two-day visit by a Russian delegation to Shanghai, agreements on the joint production of commercial aircraft and high-capacity helicopters, as well as developments in the field of petrochemicals. The China Daily newspaper writes about this in an article entitled "Time for Russia to turn to Asia."
But Russia has no plans to stop there - next on the list is a major energy deal with Japan. Moscow and Tokyo are working on its terms to prepare an agreement for Vladimir Putin's visit to Japan, scheduled for September. The Japanese side pays more attention to the stability of supplies than to the cost, therefore it adopted the price formula set by Russia.
In addition, "over the past two years, all commercial issues with the DPRK have been settled, including trade debts and other loans" - Russia agreed to write off $ 10,9 billion of debt. Thus, Russia and the DPRK prepared the basis for the development of economic relations. Moscow and Pyongyang are preparing for the implementation of the project for the construction of a gas pipeline that will pass through the DPRK for gas supplies to the Republic of Korea. In addition, a railway will be built from the Republic of Korea through the DPRK to Russia, with the connection to the Trans-Siberian Railway, which will provide a high-speed rail link between Korea and Europe.
Thus, Russia, as never before, strengthens economic ties with Asia, and this turn will not only open up new countries for the country, but also pose new challenges for it, the article says.