Alwaght | News & Analysis Website

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

Map of  Latest Battlefield Developments in Syria and Iraq on
alwaght.net
Report

China-Russia Partnership: Putin’s Profitable Deals with Beijing

Saturday 18 May 2024
China-Russia Partnership: Putin’s Profitable Deals with Beijing

Related Content

Russian-China-Iran Axis Exercise; Introduction to Joint Defense Treaty

China Tells EU Ukraine Settlement Requires Russian Presence

China’s Strategy towards US Adventures in West Asia

Putin Plans to Meet with China’s Xi Jinping Soon: Tass

Alwaght- On Thursday, President Vladimir Putin of Russia traveled to China in his first foreign visit since his re-election in March so that in a ceremony celebrating the 75th anniversary of relations with Beijing their strategic alliance more than any other time find a chance of show-off.

Experts suggest that now it is the golden age of Chinese-Russian relations as border issues are settlers, the approaches of the two countries on most of the international issues are aligned, bilateral economic cooperation is thriving, and there is a glaring friendship between leaders of the two nations.

Putin and Xi Jinping meet each other more than any other leaders of the world do. They have so far met more than 20 times. Putin in most of his interviews refers to Xi as "my friend." 

So, the visit to Beijing and the red carpet rolled out to the Russian leader was a demonstration of unity that frustrates the Western leaders about their plans to distance China from Russia because of Ukraine war.

Alexander Gabuev, a China expert at the Carnegie Russia Eurasia Center in Berlin, said that "never since the fall of the Soviet Union has Russia been so distant from Europe, and never in its entire history has it been so entwined with China."

In the past few months, the Westerners have tried hard to persuade the Chinese leader that expanding ties with Russia would harm China's own interests. Xi has just returned from a regional tour of three European countries, where European Commission President Ursula von der Leyen and French President Emmanuel Macron advised him on the need to end support for what they call Russia's "war machine."

In recent weeks, Washington put pressure on China for Chinese supply of dual use products to Russia.

On Tuesday, the Biden administration imposed tough tariffs on $18 billion worth of Chinese goods, which experts say indirectly pressured Beijing's relationship with the Kremlin.

In the meantime, China wants to show itself neutral about Ukraine and last year it presented a comprehensive plan for peace to repeat the successful role played by Beijing in Iran-Saudi Arabia rapprochement. However, preventing a nuclear war, expansion of the crisis with negative economic impacts on the world trade, and repetition of Ukraine scenario with Western interference in Taiwan and South China Sea are factors that tie Chinese interests to Ukraine crisis. 

Certainly, for Putin, China visit is like going to a treasure island, where he has managed to weather many of economic impacts of Western sanctions. Hoping to break the back of Russia's economy, the West imposed more than 16,500 sanctions against the country to cut off any access Moscow has to the international trade and financial system. But Moscow's turning to trade with the Eastern economic giant has helped it to greatly ease the costs of sanctions. Their bilateral trade reached $240.1 billion in 2023, up 26.3 percent from $190 billion last year. Putin is still looking to up that figure.

Energy top on agenda 

Energy is the most important area where Russia wants to get the Chinese market, since with it having lost the European markets due to Ukraine war, China can be a proper replacement purchaser for its gas. At the opening ceremony of the Russia-China trade fair on Friday, Putin hailed energy ties between the two countries and promised to "strengthen" them. 

"Russia is ready and able to continuously power China's economy, businesses, cities and towns with affordable and environmentally clean energy," he said.

By selling large amounts of cheap gas to China, Russia could potentially tie Beijing into a stronger geopolitical alliance, analysts at the Center for Global Energy Policy at Columbia University wrote on Wednesday.

Gas exports to China began in 2018, and now Moscow plans to complete the Power of Siberia 2 pipeline, which will transport 50 billion cubic meters of gas annually from northern Russia via Mongolia to China, are a clear signal of a long-term strategic commitment of Russia to China.

Also, according to Kpler data, in 2023, Russia was the biggest supplier of oil to China, and despite the Western sanctions and the price cap the G7 set for Russian oil, 2.14 million oil barrels were sold to China daily. 

Renewing bonds in Little Moscow 

On Friday, Putin and Xi visited Harbin, a city in northeast China and only 70 kilometers from the Russian border which was once dubbed "Little Moscow" for its Russian Orthodox architecture and the large number of its Russian speaking community. 

According to Russian media, the Russian National Weath Fund plans to open an office in Harbin to facilitate trade partnership. Meanwhile, businesspeople are calling for use of national currencies in their bilateral trade. 

Russian-Chinese cooperation to boost non-dollar world trade has been one of the clues of the coordinated policy of changing the foundations of the Western-oriented world order and the formation of a new world order by China and Russia in recent years, the manifestations of which have shown face in the recent summits of the BRICS. 

In the Great Hall of the People, Xi told Putin : "“The China-Russia relationship today is hard-earned, and the two sides need to cherish and nurture it. China is willing to … jointly achieve the development and rejuvenation of our respective countries and work together to uphold fairness and justice in the world.” 

Tags :

Russia Putin China Xi Energy West Ukraine

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Details of the funeral ceremony of the president and his companions

Details of the funeral ceremony of the president and his companions