China and Russia have signed 27 trade contracts worth $15 billion, as the two countries seek to deepen their trade and investment links, the Xinhua News Agency reported Saturday.

Chinese Vice Premier Li Keqiang said that the two countries could expand their cooperation in various fields, including finance, direct investment, energy, mechanical and electronic products. Photo: xinhuanet.com

Trade cooperation is an important foundation of China and Russia's strategic relationship, Xinhua cited Chinese Vice Premier Li Keqiang as saying in Moscow. Both countries should explore different fields for cooperation, boost trade volumes and mutual investment, Xinhua said, citing Li as saying to Russia Prime Minister Vladimir Putin. The deal will allow Russia to sell to China 68 billion cubic meters of gas every year.