Chinese Premier Li Keqiang (left) is welcomed by a Russian senior official after arriving in St. Petersburg on Nov 6, 2016. Photo provided to chinadaily.com.cn

BEIJING -- The ongoing visit by Chinese Premier Li Keqiang to Russia is expected to yield fruitful results in the two countries' political, economic and cultural cooperation, analysts have said.

Premier Li arrived in St. Petersburg Sunday for the 21st China-Russia Prime Ministers' Regular Meeting and an official visit to the northern neighbor.

During the visit, the Chinese premier and his Russian counterpart, Dmitry Medvedev, will discuss major areas of interest and cooperation projects and sign agreements in areas including trade, energy, aviation, customs and education, according to Li Huilai, assistant foreign minister of China.

Medvedev has said that his meeting with Premier Li will be much meaningful and impressive. Also, the visit comes on the occasion of the 15th anniversary of the signing of the Treaty of Good-Neighborliness and Friendly Cooperation between China and Russia and the 20th anniversary of the establishment of the China-Russia strategic partnership of coordination.

Analysts believed that the current political relations between China and Russia are at the best time in history. Premier Li's visit will definitely solidify and deepen political and strategic mutual trust between the two neighbors.

The prime ministers' meeting will also issue a joint communique, which signals the confidence that China and Russia can safeguard peace and stability of the region and the world at large and establish a fair and rational world order. The two countries will tell the world that they will remain coordinated with and supportive to each other on major international issues.

The upcoming meeting between the two heads of government will give a new impetus to the development of bilateral relations, Chinese Ambassador to Russia Li Hui said.

"This is a great event for China-Russia relations this year," Li said in a recent interview with Xinhua.

The current China-Russia comprehensive strategic partnership of coordination is mature and stable, and it has become a model for relations between the world's major countries, said the ambassador.

He also noted that the relations feature mutual respect and equality in the political sphere, as well as comprehensive mutual benefit and win-win cooperation on the economic front.

Russia, which has been under great pressure due to Western sanctions, is facing an economic transformation that needs to be promoted by an industrial upgrading.