Moscow and Beijing have reached a trade turnover of $200 billion and will surpass this figure by the end of the calendar year, Russian President Vladimir Putin said at Russian-Chinese negotiations, TASS.

"You have just mentioned our goal of achieving trade of $200 billion this year. So, year on year, as we analyzed it last evening, we have already [hit] $200 billion over a year since this date. And we will certainly exceed that amount in this calendar year," the Russian leader told Chinese leader Xi Jinping.

In the current difficult circumstances, Putin said, "close foreign policy coordination is especially in demand," and this is how Russia and China have been building their cooperation.

He lauded what he said was a very good progress of the initiative China launched a decade ago to intensify cooperation between countries that constituted the ancient Silk Road.

"Under your leadership, China has been making it work. We are very happy for you and for everybody who is involved in this broad cooperation because everyone benefits from it," Putin emphasized.





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