Tuesday, March 28, 2023
  • Donate
  • Newsletter
  • ru_RUРусский
  • en_USEnglish
Russian Free Press
  • Home
  • All news
  • Russia
  • Ukraine
  • World
  • Tags
    • Navalny
    • Arrests and Attacks
    • Court
    • Kazakhstan
    • Coronavirus
    • Election 2021
    • Almaty
    • Putin
    • USA
    • Murders
    • Death
    • Rape
    • Germany
  • Special Projects
    • Stories
    • One year after
No Result
View All Result
Russian Free Press

WSJ: China will increase cooperation with Russia on the orders of Xi Jinping

December 15, 2022
in Daily News
Share on FacebookShare on Twitter

Chinese leader Xi Jinping has instructed to significantly increase cooperation with Russia in the energy and trade sectors, despite public attempts to move away from Russia. According to The Wall Street Journal, Beijing thus indicates its long-term stake on cooperation with Russia.

The publication claims that the PRC government should develop a whole plan to expand cooperation, which involves increasing the import of oil and gas from Russia, as well as agricultural products, the creation of joint energy projects, in particular in the Arctic. A separate item in the plan is investment in the transport infrastructure of Russia, which, apparently, should help increase the volume of deliveries. We are talking about ports and railway projects.

The increase in trade between countries will be accompanied by an increase in the share of settlements in national currencies. According to the WSJ, this is positive for Russia, as it reduces sanctions risks, while for China it increases the importance of the yuan as an international currency. Beijing has been working in this direction for a long time - for example, similar agreements were recently reached during negotiations with Saudi Arabia.

“Xi is strengthening China’s relationship with Russia largely independent of the Russian invasion. Relations may well become even closer, ”says Yun Sun, director of the China program at the Stimson Center.

At the same time, the publication notes that China still adheres to a cautious position, trying to walk the fine line between supporting the Russian invasion and condemning the war in Ukraine. China is trying to extract the maximum benefit from Russia's weak position, and also not to bring relations with the US and the EU to a catastrophe, since the state is extremely dependent on Western technologies. A clear evidence of this position was the statement following the visit to Beijing by German Chancellor Olaf Scholz, in which Xi Jinping declared the use of nuclear weapons unacceptable. Similar rhetoric comes from the Chinese Foreign Ministry: the Foreign Ministry notes that close relations between Russia and China are built on the principles of "non-alliance, non-confrontation and non-targeting of third parties."

“This is not to say that China is giving up on Russia, but it does suggest that China now finds it acceptable to snub Russia. China's dominance in relations is growing,” Sun said.

Russia, on the other hand, is becoming increasingly dependent on China as the only strategic partner and the largest market for its products. In 2021, trade turnover between the countries reached $146.9 billion compared to $95.3 billion in 2014. At the end of 2022, the parties expect a new record - around $200 billion. This figure is presented as a breakthrough in bilateral cooperation, but it was possible to achieve it due to Western sanctions, which deprived Russian companies of premium European sales markets, due to which most Russian goods are now going to China discount.

Read also

Disney starts laying off 7,000 people to save $5.5 billion – Reuters

March 28, 2023

The IOC recommended that the federations allow Russians who do not support the war to the tournaments

March 28, 2023

This is not about C. Vladimir Milov on how Russia wanted to become a partner of China, but became a raw material appendage

March 28, 2023

Drone crashed in New Moscow, pro-Russian Telegram channels report

March 28, 2023

Twitter recommendations will only show posts from paid accounts – Musk

March 28, 2023

A swindler convinced a pensioner to open fire at Sberbank so that he would “catch the criminals” – Baza

March 28, 2023

RECOMMENDED NEWS

In St. Petersburg the head doctor of the hospital was detained after the death of three patients

In St. Petersburg the head doctor of the hospital was detained after the death of three patients

1 year ago

The nuclear icebreaker “Yakutia” was launched in St….

4 months ago

Tinkoff stopped SWIFT transfers abroad

9 months ago

Patrushev met with the Iranian President in Tehran,…

5 months ago

Newsletter

Be the first to get the news in the Telegram newsletter!

  • About
  • Contact
  • Privacy
  • Cookie
  • Terms
  • Donate
  • Advertise
  • Sitemap
contact@russianfreepress.com

© 2022 Russian Free Press - Honest news about Russia and the whole world.

No Result
View All Result
  • Home
  • All news
  • Russia
  • Ukraine
  • World
  • Tags
    • Navalny
    • Arrests and Attacks
    • Court
    • Kazakhstan
    • Coronavirus
    • Election 2021
    • Almaty
    • Putin
    • USA
    • Murders
    • Death
    • Rape
    • Germany
  • Special Projects
    • Stories
    • One year after

© 2022 Russian Free Press - Honest news about Russia and the whole world.

en_USEnglish
ru_RUРусский en_USEnglish