Russia, China to boost trade

By Vladimir Radyuhin

MOSCOW, SEPT. 5. Russia and China will sign a deal to build an oil pipeline from Siberia to northeastern provinces of China. A general agreement to prepare a Detailed Project Report for the 2,500-km pipeline will be signed during a visit by the Chinese Premier, Mr. Zhu Rongji, to Moscow later this week. The deal, estimated to be worth $1.7 billion, was finalised at a meeting between Russia's Energy Minister, Mr. Yuri Yusufov, with a delegation of the China National Petroleum Corp. on Wednesday, the RIA Novosti news agency reported.

The two countries will also sign an accord for the purchase by China of Russian TU-204 airliners. Russia's Deputy Prime Minister, Mr. Ilya Klebanov, who chaired a meeting of the joint commission in Moscow on Wednesday, the new deals will help redress a disbalance in bilateral trade in favour of China.

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Section  : International
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