The two coun­tries should pro­mote widely the idea of be­ing friends for­ever.”

Pakistan Observer - - INTERNATIONAL -

Other am­bi­tious deals have been ex­pected, but most of them have floun­dered amid Rus­sia’s eco­nomic un­cer­tainty.

The sharp de­val­u­a­tion of the Rus­sian cur­rency under the dou­ble im­pact of low global oil prices and West­ern sanc­tions has been a key fac­tor be­hind bi­lat­eral trade drop­ping from nearly $100 bil­lion a year in 2014 to just over $60 bil­lion last year. En­ergy re­sources ac­count for two-thirds of Rus­sian ex­ports to China.

Moscow has also been un­set­tled by Bei­jing’s am­bi­tious Silk Road Eco­nomic Belt project, in­tended

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.