Sat 14 October 2023:
Russian President Vladimir Putin is heading to China next week to meet “dear friend” Xi Jinping in order to forge even closer ties with the country which is viewed as a key strategic relationship in global politics. Experts are increasingly of the view that Moscow is fast becoming a junior partner in this equation.
The trade between the two countries has soared considerably since the beginning of Ukraine invasion. As international sanctions increasingly cornered Russian economy, Chinese imports of Russian oil was a critical lifeline to Moscow.
Last year, bilaeral trade soared to a record USD 190 billion, says the Chinese customs data. Both countries have pledged to take this to USD 200 billion this year.
In the aftermath of Russia’s Ukraine invasion, China provided diplomatic cover and refused to condemn the war. China positioned itself as a neutral party but the stance was seen as benefitting Russia in global diplomatic circles.
SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES
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