China and Russia Sign $25 Billion Grain Deal, Agree to Strengthen Economic Ties Amid Tensions with West
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China and Russia signed a record $25 billion grain supply contract, the biggest in their food trade history, under the Belt and Road Initiative.
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Russia will supply 70 million tonnes of grain, legumes, and oilseeds to China over 12 years to boost China's food security.
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A new land corridor is being built through Russia to facilitate China-Russia food trade and will launch soon.
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Russia invited China to recognize its low-carbon energy certification system and offered to promote China's system in Russia.
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Economic cooperation between China and Russia has increased as ties with the West have worsened for both countries.