Russia-China trade turnover to reach $195 bln by yearend, says Russian Railways chief


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VLADIVOSTOK, Trade turnover in terms of the railways structure between Russia and China may reach 12 trillion rubles ($195 bln) by the end of this year, Chief Executive Officer of Russian Railways Oleg Belozerov said at a session of the Eastern Economic Forum (EEF) on Wednesday. "This year we are indeed going to reach the level [of trade turnover] of 12 trillion rubles, or 1.38 trillion yuan," he said. Last year trade turnover between the two countries climbed by 35% to 8.5 trillion rubles ($138 bln), or 970 bln yuan, according to CEO. The traffic volumes amounted to 93 mln...