Core Insights - The establishment of the "Sino-Russian Digital Economy Intelligent Computing Joint Laboratory" marks a significant step in Sino-Russian technological cooperation, focusing on cross-border digital economy challenges [1][2][3] - Two industrialization projects from Russia, "Reveron" and "NewTali," are launched, showcasing their potential in the market with expected annual revenues of approximately $1 billion and a reduction in drug development costs by about 20% [2][3] Group 1 - The joint laboratory is a key outcome of China's Ministry of Science and Technology's international cooperation initiative, aiming to address high costs and cultural communication barriers in cross-border digital business [2][3] - The "Reveron" project aims to develop membrane materials with breakthroughs in ultrafiltration and nanofiltration, while the "NewTali" project leverages AI to shorten drug development cycles by 3 to 4 years [2][3] Group 2 - The collaboration exemplifies a practical and in-depth approach to cooperation among BRICS nations in the digital economy, creating a replicable model for technology research, result transformation, and industrial implementation [3] - The Sino-Russian Digital Economy Research Center, established in September 2021, is set to enhance its role within the BRICS innovation framework with the addition of a new digital economy research center in 2024 [3]