• Russian President Vladimir Putin and Chinese President Xi Jinping signed a joint statement reaffirming their commitment to deepening the comprehensive strategic partnership between Russia and China, defending justice in the world, and promoting a multipolar world order against US hegemony.
  • Xi welcomed Putin with a ceremonial welcome, including a military band and gun salute, highlighting the strong China-Russia relations amidst tensions with the West.
  • The leaders aim to strengthen strategic partnerships in various sectors, including industry, technology, AI, and renewable energy, as they view each other as vital partners in reshaping a world order dominated by the US.
  • China has become a major supplier of microelectronics and components crucial for Russia’s war in Ukraine, with shipments increasing significantly following the 2023 meeting between Xi and Putin.
  • Russia has become more economically dependent on China following the invasion of Ukraine, and the Russia-China partnership plays a balancing role in global affairs, with a focus on energy exports and military collaboration.
  • China and Russia have strengthened trade and military ties in response to sanctions imposed by the US and its allies, and China, once subordinate to Russia, now stands as its most powerful ally in the world.
  • Russia and China agreed to actively use national payment systems for trade, with 90% of payments between the two countries now made in rubles and yuan.
  • China refuses to condemn Russia’s invasion of Ukraine and continues to trade with Russia despite heavy sanctions from the US and EU, supporting Russia by supplying key components for weapons and purchasing Russian oil and gas.
  • Despite the “unlimited” partnership between China and Russia, the relationship seems strained amid the ongoing war, and China is downplaying its partnership while supporting the goal of weakening Western influence.
  • Western sanctions have led Russia to depend more on China economically.
  • Putin’s visit to Beijing coincides with Russia’s new offensive in Ukraine, highlighting the strong relationship between the autocratic leaders Xi and Putin.
  • China and Russia are enhancing their relationship as “good neighbors, good friends, good partners” with no limits, signed before Russia’s invasion of Ukraine.

Sources:

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