President Vladimir Putin said on Wednesday that Russia's economic and trade links with China are "yielding results" as he welcomed Premier Li Qiang to the Kremlin.

Moscow has looked to Beijing as an economic lifeline since the Ukraine conflict began, with the two sides boosting trade to record highs as Russia faces heavy economic sanctions from the West.

"Our trade relations are developing successfully... The attention that the two governments on both sides are paying to trade and economic ties is yielding results," Putin said in a meeting with Li.

"Our states have worked out large-scale joint plans, projects in economic and humanitarian spheres, we expect for many years ahead," he added.

Li told Putin that "Chinese-Russian relations are at an unprecedentedly high level," according to the Kremlin's translation of his remarks, saying Putin and President Xi Jinping had created a "strong impulse for further deepening of bilateral relations."

In a separate meeting with Li, Russian Prime Minister Mikhail Mishustin hailed the countries' links as a powerful stabilising factor.

"Our partnership and strategic cooperation is especially important in a situation where new contours of the global order are being formed," Mishustin said.

"And in these conditions, the Russia-China link is a powerful stabilising factor, promoting economic growth in both countries and increasing quality of life for our citizens," the Russian premier said. (AFP)