11 SEPT, 2018 10:47 HRS GMT | XI JINPING (R) & VLADIMIR PUTIN (L) | AP ARCHIVES PHOTO
MOSCOW (AP) — Xi is traveling to Vladivostok, in the Russian Far East, on Tuesday and Wednesday for an economic conference where he’s expected to meet with Putin, while China joins vast Russian Economic conference to discuss Trade, Military Exercise, North Korean Issue, Syria Peace process, Rehabilitation and Reconstruction programs, according to officials.
Along with the trade and economic ties, Trump’s policies on trade and North Korea are topics of interest to both Russia and China. And U.S. sanctions on Russia have played a role in driving Russia and China closer together.
The setting is also symbolic — Vladivostok and the Russian Far East are developing close ties with China, including a vast new casino complex aimed at attracting Chinese high-rollers.
Here is a look at key Russia-China Economic Relations
MILITARY EXERCISES
China is sending 3,200 troops to take part in Russia’s vast Vostok (East) military exercises this month. They’re scheduled every four years .
There is a possibility to discuss Syria Peace process, Reconstruction and rehabilitation programs in this conference by these two great powers.
TRADE
Russia and China have a growing trade relationship, with Russian oil, gas and foodstuffs.
Some big deals announced at previous summits have not yet ratified or experiencing gliches. A $9 billion deal for Chinese company CEFC to take a stake in Russian state-controlled oil company Rosneft also not been approved or a due deligence awaited.
U.S. policy has driven Russia and China closer together commercially. For Russian companies, China offers investment with much less risk of being affected by U.S. and European Union sanctions.