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Russia, China seek closer trade ties at key economic forum in Russia’s Far East amid US hegemony

A barge nears the Heihe port in Northeast China’s Heilongjiang Province as Heihe-Blagoveshchensk, Russia cross-border dry bulk cargo water transport began on June 12, 2022. Five barges with displacements of 1,000 tons and one with 600 tons took part. Photo: VCG

Russia’s Far East is witnessing huge opportunities brought by closer China-Russia cooperation, as Russia’s economic pivot to Asia receives a sudden boost amid escalating sanctions from the West in the wake of the Russia-Ukraine conflict, delegates and representative at the 2022 Eastern Economic Forum (EEF) said on Monday. Russia’s accelerating pivot toward the East is also reshaping the geopolitical landscape, as the formation of a multipolar world is irreversible. 

Alexei Chekunkov, head of the Ministry for the Development of the Russian Far East and Arctic, said that his department would make suggestions to the Chinese side to create a free trade zone on the Heixiazi…

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