CURRENT PROSPECTS FOR ECONOMIC PARTNERSHIP BETWEEN RUSSIA AND CHINA

Аннотация

Recent developments in the Russian-Chinese relations could clearly demonstrate the parties’ intention to strengthen comprehensive partnership and strategic interaction. There is no doubts that the growing international significance of the China-Russia partnership should be considered as one of the key trends in the global policymaking that could challenge the Western countries. However, despite the intention of Moscow and Beijing to push forward their comprehensive strategic cooperative partnership the practical implementation of the signed documents and joined initiatives is hampered by subjective and objective reasons. Therefore, there is a necessity to conduct research on the issue of economic interaction between the two most powerful regional players in Eurasia in order to understand what direction is more preferable for further development of relations between Moscow and Beijing. Moreover, there is a need to specify the geopolitical barriers preventing Moscow and Beijing from further deepening of mutual trust and mutually beneficial and pragmatic partnership. Taking into account that there is still a significant gap between expected and practical levels of cooperation between Moscow and Beijing, the parties started to seek opportunities to establish close coordination in foreign policy jointly advocating for reform of the international financial and economic architecture. Under this circumstance, it is quite important to develop more pragmatic and concrete approach to understanding current Russia-China economic and political dynamics.