26.10 Medvedev Says

MOSCOW, October 26 (RIA Novosti) Russia has nothing to fear from the fast-growing China, but could benefit from this cooperation, Prime Minister Dmitry Medvedev said in a televised interview Saturday.

In an interview with Vesti on Saturday on Russia 1 TV channel, Medvedev said Russia should cooperate with Beijing in high-technology areas, adding that China, the world's second largest economy, was not a dangerous neighbor but Russias strategic partner.

Earlier this week, Medvedev paid a two-day visit to natural resource-hungry China during which it was announced that state-owned oil giant Rosneft signed an agreement with Chinas largest state refiner Sinopec to supply 10 million tons of oil a year for a decade.

A separate deal announced in Beijing said that Rosneft and China National Petroleum Corporation (CNPC) agreed on the launch schedule principles for the Tianjin oil refinery.

These technologies are ours, to a great extent. And this is good. It means that they will work and we will work, Medvedev said.