ИСТИНА

The COVID-19 pandemic, inflation worldwide and the geopolitical conflicts have changed the global economic model from a supply chain model based on the global cooperation to another one based on the regional cooperation. Russia has adjusted its foreign trade strategy to a new economic context, mainly focusing on trading with friendly countries. New terms of trade force Russia to revise its national regulatory strategy. Although a series of state regulatory adjustments had been made in order to optimize external trade within the framework of the Eurasian Economic Union, they turned out to be not sufficient to change the situation fundamentally. Considering the facts that China is Russia's most important economic partner, these two countries undoubtedly complement each other in terms of economic structure, there is a consensus at the social level that Russia might revive the economy faster and better with the help of China. Therefore I would suggest accelerating the construction of the Russian-Chinese FTA（Free Trade Area)