Construction of Power of Siberia pipeline to begin in nearest future - official

The construction of the Power of Siberia pipeline will begin "in nearest future," Russian presidential administration head Sergei Ivanov said at a meeting with students studying Russian in Beijing.

The construction of the Power of Siberia pipeline will begin "in nearest future," Russian presidential administration head Sergei Ivanov said at a meeting with students studying Russian in Beijing.

"The Power of Siberia pipeline will start building in nearest future and the approximate assessment of this entire project on gas supplies is $60-70 billion," Ivanov said. Signing in May a relevant agreement between Russia and China is a milestone event, he said.

The relations between the two states are not limited to energy cooperation, Ivanov said.

"We are involved now in creating a joint wide-body plane and heavy helicopter - heavy in terms of cargo capacity. There are very many transport projects, including creating a major highway, which will go from China to Russia via Kazakhstan and will lead to the Baltic Sea," Ivanov said.

Thus, the potential for the growth of economic ties and trade turnover between Russia and China is quite big, he said.

It is quite real to achieve the target set to increase mutual trade turnover to $200 billion in 2020 (it is a little below $100 billion now), he said.

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies