MIL-OSI Russia: Exclusive: Russia and China have made significant progress in bilateral cooperation in recent years – Russian businessman O. Deripaska

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

Moscow, May 21 /Xinhua/ — Russia and China have made significant progress in bilateral cooperation in recent years, and the countries have established a deep level of cooperation in many areas, Russian businessman Oleg Deripaska said in a recent interview with Xinhua.

“We have made serious progress over the past four years. In general, this is a large, deep, large-scale cooperation in many areas: energy, transport, logistics, mechanical engineering, joint developments in aviation, space, nuclear energy. The countries share experience, organize joint design, develop engineering. This is already a fairly deep level of cooperation,” he noted.

According to O. Deripaska, the countries are taking important steps to develop transport and logistics infrastructure. “The Russian side is modernizing railways, transport crossings, pipelines, power lines, communication lines, and ports. The Chinese and Russian sides are stimulating trade turnover by providing subsidies for transportation,” the businessman said, emphasizing that increasing the speed of cargo delivery improves trade.

Another important area for further deepening trade and economic cooperation between the two countries, he believes, is improving financial conditions. This is not only about settlements in national currencies, but also about developing project financing mechanisms. “Our companies are already opening enterprises in China to produce modules that are needed for use in Russian production. In the same way, Chinese companies should invest in creating joint production facilities in Russia,” the Xinhua source believes.

Speaking about cooperation between China and Russia in the field of science and education, O. Deripaska emphasized that in the next two years this issue will be given special attention, because joint educational projects not only bring the peoples of the two countries closer together, but also allow building a foundation for the future.

As an example of such cooperation, the Russian entrepreneur cited the Chinese-Russian University PPI-MSU in Shenzhen /Guangdong Province, South China/. With the support of O. Deripaska’s funds, the university has created several educational programs for Chinese and Russian students. “Science is a source of progress, that is, all innovations begin with scientific developments, and this is important for us. Our investments create the opportunity for joint education in Russia and China,” he explained, adding that joint programs are being developed between universities in Irkutsk, Krasnoyarsk and universities in Harbin /the administrative center of Heilongjiang Province, Northeast China/ and Xi’an /the administrative center of Shaanxi Province, Northwest China/.

The businessman praised the level of development of science, technology and engineering knowledge in China, noting significant successes in such high-tech areas as renewable energy, space programs, electronics, and electric vehicle production. “China has focused on education and building a system of scientific universities and research centers. A lot has been spent on training Chinese specialists abroad. Now many of them have returned. We see this progress,” he added.

According to O. Deripaska, the deep level of cooperation between China and Russia allows us to hope that all the development goals set for the two countries will be achieved. –0–

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