DEVELOPMENT TREND OF SINO-RUSSIAN ENERGY COOPERATION Under the Background of COVID-19 Epidemic

Аннотация

Objective.Development Trend of Sino-Russian Energy Cooperation Under the Background of COVID-19 Epidemic. Мethod. This paper uses statistical analysis and comparative research method methods. Results. In recent years, the comprehensive strategic cooperative partnership between China and Russia has been deepening, and the relationship between the two countries is at its best in history. The two countries support each other politically and cooperate with each other economically. In 2019, the trade volume between China and Russia exceeded US$ 110 billion, reaching US$ 110.7 billion, the highest level in history. China has been Russia's largest trading partner for 12 consecutive years, and Russia is one of the major energy import sources of China. Sino-Russian cooperation in the upper, middle and lower reaches of energy is in full swing, the scope of cooperation are constantly expanding. At the beginning of the year, the novel coronavirus epidemic has spread all over the world, which has a great impact on the world economy and the energy cooperation between China and Russia. Application results. The results of the study can be used in the analysis and forecasting of the Sino-Russian Energy Cooperation areas for cooperation. Conclusions. It is concluded that further development of the industry will define three trends: Strengthen Political Mutual Trust and Deepen Energy Cooperation;Formulate Medium and Long-Term Energy Supply and Demand Mechanism,Innovate Cooperation Models and Deepen Bilateral and Multilateral Cooperation Mechanisms.