The political relationship between the two countries has developed more rapidly compared to the economic relationship, but this should not lead to the conclusion that the economic relationship is "cold".
At the core of this relationship is the cooperation on energy. According to Dmitry Kozak, Russian Deputy Prime Minister, energy cooperation"is at a historical peak, and has great potential for development." The two consecutive bilateral Russian-China Energy Business Forums, the first one taking place in Beijing in November 2018, and the second one in St. Petersburg in June 2019, have led to the signing of 33 agreements, signaling the willingness of both sides to push further the energy cooperation. Russia also promised to introduce more industrial support policies in the future to create a more stable, transparent, unified and convenient business environment for the Russia-China energy cooperation.