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ST. PETERSBURG, Russia, June 7-- China and Russia are poised to further deepen their energy cooperation as their top leaders both pledged on Friday to improve business environment for energy firms' cooperation. Attending a bilateral energy business forum together, Chinese President Xi Jinping and his Russian counterpart Vladimir Putin vowed to provide policy support for such cooperation. As comprehensive strategic partners of coordination, China and Russia enjoy deepening cooperation in all spheres, which has forcefully promoted the two nations' common development and revitalization, Xi said. Describing energy cooperation as the "most significant, most fruitful and most wide-ranging" area of bilateral cooperation, Xi said the two sides' close coordination has played a positive role in safeguarding the fair, just, reasonable and orderly international energy order. To consolidate and deepen their energy cooperation, Xi made four proposals. Firstly, business entities should lead the cooperation and stick to the principles of mutual benefits, win-win results and being commercially viable. Financial insurance and energy cooperation should be enhanced for mutual support and mutual promotion. Secondly, new potentials should be tapped to upgrade the cooperation. Cooperation in energy technical standard should be strengthened for mutual recognition and synergy. Technological innovation, the integration of information technology with the energy sector, and cooperation in energy research and development (R&D) should all be deepened. Experience sharing, capacity building and think tank exchanges should be enhanced for mutual learning. | 
