Russian President Vladimir Putin and Chinese President Xi Jinping at St. George's Hall in the Kremlin on March 21, 2023.Xie Huanchi/Getty Images Russia plans to spend $4 billion improving railroad connections with China, Bloomberg reported. It's evidence of stronger ties between the two countries, as bilateral trade has soared. The rail lines require improvements as they're beset by logistical issues and bottlenecks. Moscow is doubling down on its trade partnership with Beijing, outlining plans to invest billions in two key rail lines, Bloomberg reported.
Russia Is Pouring Billions Into Rail-system Upgrades As Trade With China Surges
fdemott@insider.com (Filip De Mott), Business Insider
Mon, 03/11/2024 - 6:05am
Topics: chinese president xi jinping st george's hall kremlin march huanchi/getty images beijing russian president vladimir putin trans-siberian baikal-amur mainline ukraine in january russia foreign minister wang yi western west indian energy ministry business insider russian president vladimir putin chinese in russia china bloomberg moscow russian february billions trade rail railroads railroad capacity sanctions tons million tighter connections plans crude totaled oil key logistical year bottlenecks partnership improvements reported issues bilateral
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