Russia-China trade and economic relations are developing rapidly and are showing immunity to external challenges, Russian President Vladimir Putin said.

"Trade and economic relations between our countries are developing at a fast pace, showing strong immunity to external challenges and crises. Over the past five years, we have doubled the Russia-China turnover: it reached US$227.8 billion last year, against US$111 billion in 2019," Putin said in an interview with China's Xinhua news agency.

Putin said more than 90% of settlements between Russian and Chinese companies are made in national currencies.

"So it would be more accurate to say that bilateral trade currently totals about 20 trillion rubles [about $219 billion], or nearly 1.6 trillion yuan. China has remained our key business partner for 13 years, and in 2023, Russia ranked 4th among the PRC's major trading partners," he said.