Abstract

This paper examines the most important vectors of cross-border cooperation between Russia and China, reveals the impact of the imposed sanctions against Russia by the leading economic powers (USA, EU, Japan, South Korea and other countries) on economic indicators. It is obvious that the imposed sanctions had a rather serious impact on the socio-economic situation of the Russian Federation, especially in a difficult situation the border regional territories, which before the introduction of the sanctions had certain preferences compared to other regions that were deep in state territories. On the basis of statistical data and a comparative analysis of the Russian Federation and China, a rather detailed conclusion was made of a serious negative impact on trade and economic activity and cooperation between Russia and China, as well as the sanctions imposed by the leading countries of Europe, Asia and the United States. In addition, the authors investigated the impact of the coronavirus pandemic on foreign economic activity and cooperation between the Russian Federation and China. The studies have shown that the impact of the coronavirus pandemic on trade and economic activity is insignificant compared to the sanctions imposed by the leading economic states. In the context of the new world geopolitics, it is necessary to determine the direction of the vector for the development of foreign economic activity and cooperation between Russia and China, we believe that it is necessary to concentrate the vector on the further development of foreign economic cooperation, including through more active use of the potential of border areas

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