ZCZC
BCN-23
RUSSIA-CHINA-ENERGY-TRADE-WAR
Protectionism, trade wars motivate Russia and China to step up cooperation
– Rosneft head
BEIJING, Nov 29, 2018 (BSS/TASS) – The current international conditions,
increasing protectionism and threat of trade wars serve as additional
incentives for developing economic cooperation between Russia and China, head
of Russia’s major oil company Rosneft Igor Sechin said on Thursday.
“Certain aspects of the current political conditions in the world,
increasing protectionism and threat of trade wars in the world economy serve
as additional incentives to cooperate more closely and make decisions
faster,” Sechin said at the opening ceremony of the Russian-Chinese Energy
Forumin Beijing.
“In many ways, Russia ties prospects for increasing economic growth to
advancing development of eastern territories and development of natural
resources there. China, in turn, is interested in ensuring its energy
security and reliable supply channels,” Sechin said. “High level of
connections between our energy infrastructures is a guarantee of strategic
stability in bilateral relations, a factor of energy security for both
partners, a reassurance of high level of mutual trust,” he added.
The 1st Russian-Chinese Energy Forum is held in Beijing. Around 300
representatives of Russian and Chinese energy companies take part in the
event. In the framework of the forum, several roundtable meetings will be
held on topics of coal and electric power, as well as oil and gas.
BSS/TASS/HR/1210