MOEX:NVTK 30 October 2025 - 7 March 2026

China and Russia have upped their economic partnership with a new set of agreements. In late October 2025 Beijing and Moscow announced that they would “push for a stable expansion of two-way trade with an optimized structure”en.people.cn. Commerce Minister Wang Wentao and Russia’s economic minister Reshetnikov co‑chaired a subcommittee meeting on Sept. 28, where they agreed to deepen cooperation in areas from digital services to infrastructure. Most notably, President Putin signed the law ratifying an updated Bilateral Investment Treaty with Chinarussiaspivottoasia.com. This overhaul — originally agreed in May — strengthens legal protections for investors and introduces “single-window” support and visa facilitation for businesspeople, addressing hurdles that had stalled cooperation. The new agreement formally extends the “Power of Siberia 2” gas pipeline project. Gazprom CEO Alexei Miller confirmed that a “legally binding memorandum” was signed during Putin’s September visit, kicking off construction of the pipeline through Mongoliareuters.com. Industry analysts at the Oxford Institute project that even with a final deal, first gas deliveries might not occur before 2030, with full ramp-up by mid-2030sreuters.comreuters.com. In parallel, Russia is expanding LNG supply to Chinareuters.com. The overall aim is to diversify Russia’s markets beyond Europe and to secure China’s access to energy and raw