China-Russia trade ties teem with potential

MOSCOW - Roughly three months ahead of a BRICS summit to be held in China, Russian analysts see immense potential to increase and diversify economic cooperation between Russia and China.

Vast opportunities can be created during the development of the China-proposed Belt and Road Initiative and the process of Russia's import substitution industrialization, experts said, adding that closer economic ties between the two strategic partners will be mutually beneficial.

They also believe China-Russia trade should be expanded to more non-energy sectors so that bilateral economic cooperation can develop in a sustainable way.