Zhōng É shuāngfāng jiù néngyuán hézuò dáchéng gòngshí.
China and Russia reached consensus on energy cooperation.
Tips
usage
Same X方 'the X side' pattern as 中方 (Zhōngfāng) and 美方 (Měifāng). 俄 is the abbreviation for 俄罗斯 (Éluósī, Russia), itself a transliteration via Mongolian/Manchu — note Chinese says É, not Rú/Lú.
