China's land-sea silk road initiatives to benefit Russia

"As I understand, newer and freer trade regimes between Russia and China are also a topic for future discussion," Kashin added.

Mozias also said that Russia's shipbuilding and the development of sea transportation routes could benefit from China's initiatives, while the Russian access to foreign markets would also be expanded.

As Russia-China relationship has been "at its best period in history," both experts agreed that the "One Belt-One Road" initiatives would help the two countries reach a closer interdependence.

According to Kasin, the two countries currently need to discuss and create the financial infrastructure in order to shield the bilateral trade from external pressure and interference.

"Russia is especially interested in cooperation with China in finance, including the increase of trade in both national currencies and the access to finance from the Chinese banks," Kasin said.

Mozias said that the two countries could cooperate more on logistics and high value-added exports, like aviation and the IT.

Moreover, Kasin expressed his hope that a general agreement or action plan should be the next focus in order to figure out each party's clear role under the framework of the "One Belt" and "One Road".