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The Frontiers of Society, Science and Technology, 2023, 5(5); doi: 10.25236/FSST.2023.050505.

Research on the Expansion of China-Russia Energy Cooperation in the Context of the Belt and Road

Author(s)

Wang Jifei

Corresponding Author:
Wang Jifei
Affiliation(s)

School of Economics and Management, Guangxi Normal University, Guilin, China

Abstract

Energy trade has been a key area of China-Russian economic cooperation based on the Belt and Road Initiative (BRI). Building a stable energy supply chain has become an important goal of China-Russia energy cooperation in the future. The energy cooperation between China and Russia has advantages such as geographical location and complementary energy supply and demand, but there are still shortcomings. To expand energy cooperation between China and Russia in the new era, it is necessary to strengthen infrastructure and institutional construction, and ensure the stability and resilience of the energy supply chain on the basis of mutual trust; Seize the opportunity of "oil RMB" and enhance the voice of RMB in the international energy market; Establish a multilateral energy cooperation mechanism between China and Russia to promote the internationalization of the RMB.

Keywords

Global energy supply chain; China-Russia energy cooperation; Expansion countermeasures

Cite This Paper

Wang Jifei. Research on the Expansion of China-Russia Energy Cooperation in the Context of the Belt and Road. The Frontiers of Society, Science and Technology (2023) Vol. 5, Issue 5: 35-38. https://doi.org/10.25236/FSST.2023.050505.

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