Russia sees shared investments in the region as both economically and politically beneficial, Kirill Dmitriev has said

Russia views both the US and China as potential partners for future oil and gas projects in the Arctic and would consider three-way investment opportunities, according to Kirill Dmitriev, President Vladimir Putin's aide on international economic affairs.

Moscow and Beijing already cooperate closely on state-sponsored economic initiatives. China has invested more than 700 billion rubles ($8.7 billion) in over 50 projects facilitated by the Russian Direct Investment Fund (RDIF), Dmitriev, its CEO, told reporters on Tuesday in Beijing.

Dmitriev has played a central role in normalization efforts with Washington since US President Donald Trump took office in January. He argues that joint ventures, particularly in the energy-rich and largely untapped Arctic, would offer significant economic benefits, should the two nations overcome their differences.

"Russo-Chinese projects are happening right now. Russo-American projects happened in the past and have the potential to happen in the future," Dmitriev said, when asked about Russia's positioning relative to the two rival superpowers.

"Russia is considering potential Russo-Sino-American opportunities, including in the Arctic and in the energy industry," he added. "Investors could gain value by joining forces. Also, joint-investment can serve as a stabilizing element for future political interactions."

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Successive US presidents have branded China a primary geopolitical rival. Trump administration officials have accused previous governments of driving Moscow closer to Beijing by backing Kiev.

Russia and China describe their partnership as a long-standing strategic choice grounded in shared values. Chinese President Xi Jinping reiterated Beijing's commitment to a fairer multipolar world order during this week's Shanghai Cooperation Organization summit, which Putin attended along with leaders from Asia, Eastern Europe and the Middle East.

(RT.com)