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Xi and Putin Strengthen China-Russia Ties in Energy and Finance
2024-05-17 15:07:53

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

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China and Russia have pledged to enhance their cooperation in energy and finance sectors, highlighting their interdependence amid Western sanctions. Plans include collaboration in oil, gas, coal, and renewable energy fields, as well as promoting the use of their currencies in bilateral trade.

Putin's visit to China emphasized economic and military ties, showcasing a strategic alliance against Western influence. The Power of Siberia 2 gas pipeline project holds high expectations for strengthening economic relations and compensating for declining gas exports to Europe.

Despite Western appeals, China continues to support Russia, exporting dual-use goods and emphasizing a delicate balance in international relations.

Related news on that topic:

China-Russia Military Ties: Pentagon Warning Amid Xi-Putin Meeting

As China and Russia strengthen economic and military cooperation, a top Pentagon official warns China about its ties with Moscow in light of Russia's actions in Ukraine. Meanwhile, President Xi Jinping and President Vladimir Putin pledge closer ties, showcasing a strategic alignment against the West. Despite Western pressure, China remains steadfast in its support for Russia, emphasizing the importance of their stable partnership. The US emphasizes that China must choose between improving relations with the West or supporting Russia, highlighting the complexities in global diplomacy. Additionally, Putin's visit to 'Little Moscow' in China underscores the deepening economic bonds between the two nations, amidst tense relations with Western powers.

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

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.

Read 24 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.
EL PAÍS
17. Mai 2024 um 12:32

Putin seeks to deepen commercial ties with Beijing in China's 'little Moscow'

Economy
Politics
Environment
Russian President Vladimir Putin seeks to strengthen commercial ties with China during his official visit to the Asian giant. On the second day of his trip, Putin visited the Chinese province of Heilongjiang, bordering Russia and with a strong Russian influence. During his visit, Putin highlighted the strategic alliance in the energy sector and the growth of commercial exchanges between the two countries.
Tagesschau - Aktuelle Nachrichten aus Asien
17. Mai 2024 um 12:26

Russia's President in China A handshake for closer cooperation

Politics
Environment
Russian President Putin has concluded his visit to China and advocated for the construction of a new pipeline. Russia has become the largest export market for Chinese cars. Additionally, Putin visited the 'Harbin Institute of Technology' and emphasized the cooperation between both countries in the energy sector.
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.
CW

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