China, Russia to hash out 3-year plan
Updated: 2008-05-22 19:46
"Such cooperation is beneficial for both sides," he noted.
Medvedev expressed confidence that the 21st century will be a time for the two countries to cooperate in astronautics, nanometer technology, shipbuilding, auto manufacturing and other high-tech areas, to boost the development of their economies.
Russia exported energy valued at some 500 million dollars to China in 2001, but the figure surpassed 6.7 billion dollars last year, Medvedev said.
The two nations have reached a basic agreement on the East Siberia-Pacific Ocean oil pipeline and its branch to China, said Medvedev, adding that negotiations between Russia's largest oil company Rosneft Oil and the China National Petroleum Corporation are nearly complete.
While expressing his willingness to establish new oil refineries with China, he said natural gas cooperation between Russia and China is also under discussion.
FRIENDLY FOREIGN POLICY
Medvedev said Russia's foreign policy during his presidency will be predictable, honest and creditable, while preserving the interest of the Russian people.
"Russia's foreign policy should be rational, practical, friendly and open," he said.
"Russia supports all nations and countries to achieve free, peaceful and democratic development, supports the idea of settling conflicts within efficient regimes such as the United Nations and existing international laws, and through talks," he added.
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