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Accelerated Growth: China-Russia Trade Reaches $200 Billion
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Accelerated Growth: China-Russia Trade Reaches $200 Billion

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MN Iraq News Editorial Team
May 20, 2026 1 min read
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China and Russia announced that their bilateral trade volume has reached a record $200 billion this year, a clear indicator of the deepening economic and strategic partnership between the two countries. During a joint meeting in Beijing, the leaders of both nations emphasized the importance of mutual trust as the cornerstone of bilateral relations, noting that this cooperation enhances international stability in the face of global challenges. In a move to strengthen economic independence, the two sides revealed the signing of dozens of new agreements, emphasizing the use of local currencies in commercial transactions to protect them from external influences. Russia also reaffirmed its commitment to providing stable energy supplies to China, describing the relations between the two countries as being at historic highs.