Russian President Vladimir Putin said Monday in talks with
President Hu Jintao that bilateral energy cooperation saw sound
development last year and would benefit both sides.
Cooperation in the energy sector developed smoothly last year,
with construction of oil pipelines well underway and cooperation in
natural gas being strengthened, Putin said in the Kremlin.
He said such cooperation would certainly benefit both
countries.
The president told Hu that trade and economic cooperation with
China also kept good momentum in the past year, with enterprises
from both sides getting more interested in cooperation and
increasing their investments.
"Russia will support more companies to invest in China" and
create conditions for banks to facilitate such investments, said
Putin.
The president suggested that the two countries boost investment
and large-scale cooperation projects in the Far East and the
Siberian regions.
He added that cooperation could be expanded in such sectors as
power-generation, telecommunications, civil aviation and peaceful
use of the outer space.
After their talks, the two presidents signed a joint statement
and witnessed the signing of nine cooperation agreements in
railway, banking, telecommunications and other fields.
President Hu arrived in Moscow earlier Monday for a three-day
state visit.
(Xinhua News Agency March 27, 2007)
