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Xi and Putin Strengthen China-Russia Ties in Energy and Finance
2024-05-17 09:05:00

Xi and Putin Strengthen China-Russia Ties in Energy and Finance

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China and Russia have committed to deepening their collaboration in energy and finance, underscoring their interdependence amid Western sanctions. The focus is on enhancing cooperation in sectors like oil, natural gas, coal, electricity, and renewable energy, while also promoting the use of their currencies in trade and enhancing financial infrastructure.

Putin's recent visit to China showcased not just economic ties but also military cooperation, signaling a united front against Western pressures. The ongoing efforts between China and Russia, including the signing of a gas pipeline contract, highlight their strategic alliance amidst global tensions with Europe and the US.

Related news on that topic:

Putin Strengthens Ties with China: Economic and Strategic ... in Focus

Russian President Vladimir Putin's visit to China aims to enhance economic relations and address topics like trade agreements and energy cooperation. Despite tensions with the West, the alliance between China and Russia continues to flourish, with both countries benefiting strategically. The visit to 'Little Moscow' symbolizes the close ties between the nations, offering mutual support in the face of global challenges. Additionally, the Pentagon's warning to China regarding its military alliance with Russia coincides with Xi and Putin's discussions on deepening economic and military cooperation. The signing of a gas pipeline contract underscores the commitment to energy collaboration between Russia and China, solidifying their diplomatic alliance.

China-Russia Military Coordination Amid Western Pressure on ... Conflict

Amid escalating tensions in Ukraine, Chinese President Xi Jinping and Russian leader Vladimir Putin have agreed to deepen their military cooperation, enhancing mutual trust, conducting joint exercises, and expanding coordination. The upgraded defense ties come as Russia advances in Ukraine and China faces criticism for not condemning Moscow's actions. The Pentagon warns China about its military ties with Russia, highlighting concerns over Moscow's support for the war in Ukraine. Additionally, China and Russia pledge to strengthen energy and finance sectors, emphasizing mutual dependence in the face of Western sanctions, while issuing a joint statement supporting dialogue to resolve the conflict.

Read 22 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.
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.
New York Times - Asia Pacific
17. Mai 2024 um 16:10

Putin’s China Visit Highlights Military Ties That Worry the West

Politics
President Vladimir V. Putin's visit to China emphasized the growing economic and military ties between the two countries despite Western pressure. The trip aimed to showcase powerful friendships amidst escalating tensions with the West, with both leaders demonstrating a strategic alignment against Western influence.
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