On May 20, 2023, the antitrust agencies of Russia and China formalized their collaboration by signing a memorandum of understanding in Beijing. The agreement was signed by Maxim Shaskolsky, the head of Russia's Federal Antimonopoly Service (FAS), and Luo Wen, the Chinese Minister of State Administration for Market Regulation, during a visit by Russian President Vladimir Putin. This event marked the 25th anniversary of the Treaty of Good-Neighborliness, Friendship and Cooperation, which underpins the bilateral relationship between the two nations. The memorandum outlines a framework for cooperation between the two agencies for the years 2026-2027, focusing on antitrust enforcement, the fight against unfair competition, and ensuring compliance with advertising legislation. Additionally, the agreement includes provisions for the exchange of information regarding legislative and regulatory practices, as well as the competitive landscape in critical sectors, particularly digital markets. The two sides committed to holding annual meetings, enhancing cooperation between border regional offices, and participating in various conferences and training programs to strengthen their partnership.