$250B trade target with China 'absolutely realistic,' says Russia

January 17, 2023

- China is Russia's great ally and partner, trade target will hopefully be achieved soon, says Kremlin spokesman

By Elena Teslova

MOSCOW (AA) - Russia hopes to soon increase its bilateral trade turnover with China to $250 billion, Kremlin spokesman Dmitry Peskov said on Tuesday.

Beijing is Moscow’s “great ally and trade and economic partner,” he said at a news briefing in Moscow.

“The target of $250 billion is absolutely realistic. We hope that it will be achieved and surpassed in the near future,” he said.

On Russia’s efforts to increase the size of its armed forces, Peskov said the decision was necessitated by the “proxy war being waged on Russia by countries of the collective West.”

He said rumors of a new wave of military mobilization in Russia were being fanned from abroad, urging everyone to only rely on official statements from Moscow and its leadership.

Peskov refused to comment on Ukrainian intelligence claims that President Vladimir Putin has ordered commanders to seize Donbas by March.

On a possible meeting between heads of the Russian and US intelligence services, he said such talks “would be useful” but there is no date on the cards yet.