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Xi and Putin Strengthen China-Russia Ties in Energy and Finance ...
2024-05-17 06:20:17

Xi and Putin Strengthen China-Russia Ties in Energy and Finance Amid Western Pressures

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China and Russia have committed to deepening their cooperation in the energy and finance sectors as a response to Western sanctions. Initiatives include collaboration in oil, natural gas, coal, renewable energy, and efforts to boost bilateral trade using their own currencies.

Amidst rising tensions, Putin's visit to 'Little Moscow' in China underscores the strategic alliance between the two nations. Additionally, plans for the construction of the Power of Siberia 2 gas pipeline further demonstrate the reinforcement of economic ties between Russia and China.

Despite warnings from the Pentagon concerning military relations with Russia, Xi and Putin continue to pledge closer economic and military cooperation in light of shared challenges with Western powers.

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Putin's Pompous Reception in China: Strengthening Strategic ... Partnerships

Russian President Vladimir Putin receives a grand reception during his visit to China, the closest and most significant partner to Russia. The visit aims to solidify diplomatic ties, with discussions on trade agreements, energy cooperation, and responses to Western sanctions taking center stage. Amidst the conflict in Ukraine, China and Russia are enhancing military cooperation and announcing plans to deepen mutual military trust. The two autocratic leaders, Putin and Xi, are working towards expanding military coordination, while facing criticism from the West for their close alliance. Despite Western concerns, Putin and Xi pledge to develop even closer ties in energy, finance, and various sectors, emphasizing mutual dependence in the face of sanctions. The Pentagon warns Beijing about its increasing military ties to Russia, raising concerns amidst closer economic and military cooperation between China and Russia.

Putin and Xi Strengthen Strategic Partnership Amidst Western ... Ukraine Conflict

Russian President Vladimir Putin's visit to China to meet with President Xi Jinping highlights the deepening strategic partnership between the two countries amidst Western sanctions and the conflict in Ukraine. Topics of discussion during the visit include trade agreements, energy cooperation, military ties, and joint responses to geopolitical challenges. Both leaders emphasize their enduring friendship, mutual support, and shared vision of a multipolar world order, signaling a growing alliance against Western pressures. The visit underscores the increasing dependence between Russia and China in various sectors like energy, finance, and military coordination, showcasing a united front against external criticisms and calls for dialogue to resolve international conflicts.

Read 14 more recent news on this topic

The press radar on this topic:

China Economy - South China Morning Post
16. Mai 2024 um 16:02

Xi and Putin pledge to develop even closer China-Russia ties in energy and finance

Environment
Economy
Finance
China and Russia have pledged to strengthen their ties in the energy and finance sectors, emphasizing their mutual dependence in the face of Western sanctions. The two countries plan to cooperate in various fields such as oil, natural gas, coal, electricity, and renewable energy. They also aim to increase the use of their currencies in bilateral trade and improve financial infrastructure.
News - South China Morning Post
16. Mai 2024 um 18:55

Pentagon warns Beijing about its military ties to Russia, even as Xi and Putin meet

Politics
A top Pentagon official warns China about its increasing cooperation with Russia, expressing serious concern over their military ties and Moscow's support for Russia's war in Ukraine. The warning comes as Chinese President Xi Jinping and Russian President Vladimir Putin pledge closer economic and military ties. The communication between the US and Chinese military officials is part of a series of high-level military-to-military exchanges following pledges by Xi and US President Joe Biden to re..
Thế giới - VnExpress
17. Mai 2024 um 03:01

Russia and China to Sign Contract for Gas Pipeline

Environment
Politics
Economy
Russia and China are set to sign a contract to build the Power of Siberia 2 gas pipeline, according to Deputy Prime Minister Alexander Novak. The pipeline is expected to have a capacity of 50 billion cubic meters and will pass through Mongolia. The announcement came during President Vladimir Putin's state visit to China, where energy cooperation was discussed.
The Guardian
17. Mai 2024 um 06:45

Putin visits China’s ‘Little Moscow’ as allies seek to cement economic ties – follow live updates

Politics
Economy
Russian President Vladimir Putin is visiting Harbin, China, also known as 'Little Moscow,' to strengthen economic ties between the two countries. The visit is seen as a symbolic gesture, highlighting the close relationship between Russia and China amidst tensions with the West. Experts say that China and Russia's strategic partnership offers them strategic benefits, especially as both countries face tensions with Europe and the US.
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