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Putin also said business activity in the country has "stabilised" although falling oil prices had delivered a blow to the economy.
Russia has also taken over as China's top oil supplier this year.
Alibaba logged a record 91.2 billion yuan in sales during its Singles’ Day promotion last month.
The 20th Sino-Russian heads of government meet begins today in Beijing.
The heads of government have instructed trade and economy ministers to work out specific measures to set up a SCO free trade area.
The China-Russia-led bloc is planning to establish a new development bank and a new transport corridor.
Rosneft is the world's top listed oil producer.
This may also result in trading Russian oil in rubles.
Ulyukae says it is likely the global economy is entering a period of unusually low oil prices.
Tensions between Russia and Turkey – potentially, Nato – contine to be tense in the wake of the downing of the SU-24 fighter jet in Syria.
