Update | Russia signs US$85b deal to supply oil to China, and agrees gas price formula
China agrees to buy fuel shipments worth US$85 billion over 10 years, and neighbours agree on greater co-operation in global affairs
Chinese and Russian leaders called for greater co-operation in global affairs and energy as Moscow signed an US$85 billion deal to supply oil to Beijing.
Russian Prime Minister Dmitry Medvedev, leading a heavyweight delegation that included Energy Minister Alexander Novak as well as the heads of the country's top oil and gas producers, arrived in Beijing yesterday for a two-day visit.
President Xi Jinping told Medvedev that both countries were good neighbours and strategic partners "in name and in essence", Xinhua reported.
Xi said both sides had safeguarded common interests and justice in regional and global affairs.
"Both countries should continue to enhance strategic co-ordination, maintain the authority of the United Nations and its Security Council, and safeguard the purposes and principles of the UN Charter and … the basic norms governing international relations, to jointly promote world peace, stability and development," Xinhua reported Xi as saying.
Medvedev said the giant neighbours enjoyed broad common interests and their continued co-operation was of significance to world peace.
Speaking after meeting with Medvedev, Premier Li Keqiang said both sides had reached an important new agreement on boosting bilateral, pragmatic co-operation, in particular on large projects, Xinhua reported.
