Russia and China have praised their current relationship as their leaders concluded new cooperative pacts between the countries.Russian President Dmitry Medvedev said on Tuesday that Sino-Russian ties have reached their highest point ever as he ended a three-day state visit to China. Chinese Vice President Xi Jinping said, it is the best period in history for Russian-Chinese relations.The two countries celebrated the completion of a cross-border oil pipeline that links Russia with China. Russia is expected to send China 150 billion dollar worth of oil over the next 20 years. They are working on a natural gas deal as well.Russia said, it supports China's control of Taiwan, Tibet and Xinjiang, while China expressed approval of Russian efforts to “promote peace and stability” in the North Caucasus region, where Islamists are seeking to establish an independent Islamic state.Russia and China also said they want to reach an agreement on reform of the International Monetary Fund in advance of the IMF's next meeting in November in Seoul. The Group of 20 major economies agreed a year ago to alter its voting power in favour of fast-growing economies.

Russia and China have praised their current relationship as their leaders concluded new cooperative pacts between the countries.Russian President Dmitry Medvedev said on Tuesday that Sino-Russian ties have reached their highest point ever as he ended a three-day state visit to China. Chinese Vice President Xi Jinping said, it is the best period in history for Russian-Chinese relations.The two countries celebrated the completion of a cross-border oil pipeline that links Russia with China. Russia is expected to send China 150 billion dollar worth of oil over the next 20 years. They are working on a natural gas deal as well.Russia said, it supports China's control of Taiwan, Tibet and Xinjiang, while China expressed approval of Russian efforts to “promote peace and stability” in the North Caucasus region, where Islamists are seeking to establish an independent Islamic state.Russia and China also said they want to reach an agreement on reform of the International Monetary Fund in advance of the IMF's next meeting in November in Seoul. The Group of 20 major economies agreed a year ago to alter its voting power in favour of fast-growing economies.