Vladimir Padalko: Russia and China are Expecting a Boom in Industrial Cooperation

The Russians have learned how to build relationships with China by correctly turning their ship's hull against the winds that are bearing down on us. After the start of the COVID-2019 pandemic, after the first sanctions, we got problems in logistics, we got problems in delivery delays and prices, but we learned how to deal with it. This was stated on June 16 by Vice-President of the Chamber of Commerce and Industry of the Russian Federation Vladimir Padalko, speaking at the section "Russia-China", held as part of the business program of the 25th St. Petersburg International Economic Forum.


According to him, the sixth wave of sanctions has come, “and we are already different, we react differently to everything and have learned to overcome these difficulties.” “We have created new transport corridors, we have opened new bridges, we have improved road crossings, we have created a luxurious high-speed infrastructure for the movement of our goods by rail. And aviation will also make its respective contribution. We have resolved billing issues. This is a global topic that affects all of us. And all this worked out because we had built the infrastructure,” Vladimir Padalko emphasized.


With no other country in the world, the Russian Federation has built such an infrastructure as with China, and in almost all industry areas there were subcommittees that worked closely together, said the vice president of the Russian Chamber of Commerce and Industry.

Answering the question of the leading section of the Director of the Institute of the Far East of the Russian Academy of Sciences Kirill Babaev about whether we are waiting for a boom in industrial cooperation with China, Vladimir Padalko said: “there will be a boom!”


The Vice President of the Chamber warned against euphoria, because, according to him, six waves of sanctions did not pass just like that - “we will wait together for the ninth wave, which will definitely come and go after us, when there is a denouement in Ukraine, when everyone feels that China becomes the main trader in Russia - he will be, because this is the trend of today.


“We will go for accelerated industrial-industrial cooperation and these are not theoretical calculations, but practical facts,” he said. Vladimir Padalko said that there are 78 projects being implemented by Russia and China worth $160 billion. “All companies will systematically implement these projects. In addition, hundreds and hundreds of new projects will appear, even in areas that we could not dream of. We will open up to each other both in terms of certification and in achievements and in secrets, because without this it is impossible to go on in-depth cooperation. Russia and China will make joint products and sell them,” said the Vice President of the Chamber.


“We believe in our common future, and China is a strategic partner that we need now,” concluded the Vice President of the Russian Chamber of Commerce and Industry.


Press Service of the Chamber