World Economy

Finance Cooperation

Finance CooperationFinance Cooperation

Russia is interested in developing Chinese investment and cooperation, according to Russian Finance Minister Anton Siluanov. Cooperation has been recently growing, as western markets are now closed for Russia, RT reported. “Now we are in a situation when western markets are closed for us and we are getting closer and closer to joint actions and cooperation with China. We’re talking about mutual financial actions, not just the possibility of interaction of financial markets, but also attracting Chinese investments into our economy,” Siluanov said during a lecture in St. Petersburg. The minister supported China’s initiative to create an economic belt known as the ‘Silk Road’ that envisages serious investments in infrastructure projects that will ease trade between China and Europe. “Trade between Asia and Europe runs right through Russia and the creation of conditions for the transit of goods and cargoes may very well boost Russia’s economy. We support the ‘Silk Road’ initiative so as to set up deeper ties between our countries,” Siluanov said.