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Russian and Chinese trade in 2014 will exceed 90 billion dollars - Matvienko

It is expected that the trade turnover between Russia and China in 2014 will exceed $ 90 billion. As reported by Parlamentskaya Gazeta, Federation Council Chairman Valentina Matvienko said this at a briefing following her visit to Beijing.

In 2013, the trade turnover between the two countries amounted to more than $ 88 billion. At the same time, Russia and China intend to increase the volume of mutual trade to one hundred billion by 2015 and to two hundred billion by 2020. “These are quite realistic figures, given that already this year we expect our trade turnover to surpass the $ ninety billion mark,” she said.

Valentina Matvienko also said that China does not support Western sanctions against Russia, considering these measures illegal. According to her, the President of the People's Republic of China Xi Jinping said this at a meeting with her. "China has publicly expressed its position on the inadmissibility of the use of unilateral sanctions, their illegality and counterproductiveness," she explained. The Speaker of the Federation Council noted that the position of Russia and China on this issue coincides: both parties consider the use of unilateral sanctions unacceptable, consider them ineffective and are considered as an attempt to put pressure on a sovereign state. “We are grateful to China for such a position,” Valentina Matvienko added.

She also noted the proximity of the approaches of Moscow and Beijing on key international issues. “We are in favor of shaping a fair world order based on multipolarity, strict observance of international law, the leading role of the UN, united and indivisible security,” said the chairman of the Federation Council.

The Russian delegation led by Valentina Matvienko visited the People's Republic of China from 21 to 23 in September at the invitation of Zhang Dejiang, the chairman of the Standing Committee of the All-China National Assembly.   

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