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BEIJING, CHINA – MAY 16: (RUSSIA OUT) Russian President Vladimir Putin (L) and Chinese language President Xi Jinping (R) discuss throughout a bilateral assembly on Might 16, 2024 in Beijing, China. Russian President Vladimir Putin is in China for a two-day state go to. (Picture by Contributor/Getty Photographs)
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Ties between Russia and China are a “stabilizing” power for the world, Russian President Vladimir Putin stated on Thursday throughout his state go to to his counterpart Xi Jinping.
Putin’s two-day go to to China will happen on the invitation from Xi and it will likely be the Russian chief’s first overseas journey since then he was beginning his fifth time period in workplace final week.
“Russia-China relations should not opportunistic and never directed towards anybody,” Putin stated Russian state media. “Our cooperation in worldwide affairs is likely one of the stabilizing elements within the worldwide enviornment.”
Each nations have touted their “no-limits.” friendship since February 2022, to counterbalance US world affect.
In his remarks, Xi stated Beijing will “at all times work with Russia as a very good neighbor, pal and accomplice” to make sure “equity and justice,” Chinese language state media stated, as each leaders signed and made a press release. to deepen strategic cooperation.
Because the invasion of Ukraine, China has more and more turn into Russia’s lifeline to shore up its conflict chest, whereas Washington continues to tighten the screws on Moscow with extra sanctions.
In a interview with state media Xinhua Earlier than the go to, Putin stated the commerce quantity between the 2 nations reached $227.8 billion final yr, up from $111 billion in 2019.
“The present bilateral commerce quantity is about 20 trillion rubles, or nearly 1.6 trillion yuan,” he famous. That is about $219.6 billion.
Either side goal to deepen cooperation in areas together with “high-tech know-how, area and the peaceable use of nuclear power, synthetic intelligence and renewable power,” Putin added.
China’s shut embrace of Russia has been a thorny situation for the US, with Washington warning Beijing to restrict its navy help to Moscow’s conflict towards Ukraine.
On the commerce entrance, US President Joe Biden this week introduced powerful new tariffs on $18 billion of Chinese language imports to guard US industries from what Washington has known as “unfair commerce practices” by China.
Beijing has criticized the USand says it makes “baseless accusations” about “regular commerce and financial exchanges” between China and Russia.
Nonetheless, growing financial and diplomatic stress from the US and its allies might push China nearer to Russia. observers have stated.
Putin is anticipated to fulfill Chinese language Premier Li Qiang and likewise journey to the northeastern metropolis of Harbin for a commerce and funding expo, stated Russian state media.
Russia-China relations ‘stabilize’ earlier than the world
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