The coronavirus pandemic and the general slowdown of the world economy, the growth of regionalisation and localisation will inevitably impact the continuing integration of Russia with Asia. What should Russia and its partners in the Asia-Pacific focus on in the present conditions? Have new opportunities emerged after the pandemic or do limitations dominate? How relevant is the need in Russia as a player in regional politics? These questions were the central ones for the third session of the 11th Asian Conference of the Valdai Discussion Club, which took place on December 9, 2020. Taisuke Abiru, Senior Research Fellow, Sasakawa Peace Foundation; Han Hongyul, Professor of the Department of Economics, Hanyang University; Anastasia Likhacheva, Director of the Centre for Comprehensive European and International Studies (CCEIS); Alexander Lomanov, Deputy Director for Scientific Work, Primakov Institute of World Economy and International Relations (IMEMO) RAS; Anton Tsvetov, Deputy Director, Department of Multilateral Economic Cooperation and Special Projects, Ministry of Economic Development of the Russian Federation; Wang Wen, Professor, Executive Dean of the Chongyang Institute for Financial Studies Renmin University of China took part in the discussion. The session was moderated by Timofei Bordachev, Programme Director of the Valdai Discussion Club.