Xi Jinping is determined to avoid tougher economic sanctions that could damage China’s economy.
Chinese leader Xi Jinping, who visited Moscow, refrained from increasing Russian gas purchases. Bloomberg reported this.
According to the publication, the lack of progress on any major energy deals, or oddities in other areas of economic cooperation, indicates some reluctance in China about too close ties with Russia.
It is noted that Xi Jinping intends to avoid tougher economic sanctions that could damage China’s economy, as well as keep Russia as a partner that can counter the US and its allies, as well as provide cover for countries that don’t want to choose. other people. side.
Bloomberg wrote that the Sino-Russian relationship was “not a Cold War military-political alliance.” One of the joint statements issued after the talks drew a clearer line than last year’s lengthy joint statement conveying “borderless” cooperation between the countries when Putin visited Beijing. a few weeks before the invasion of Ukraine.
Joint statements issued after the talks contained many of the principles China has long espoused in countering the US. The two leaders pledged to prevent “color revolutions,” called for an investigation into the Nord Stream gas pipeline explosion, expressed concern over US and UK plans to cooperate with Australia on nuclear submarines, and called on NATO to respect “diversity of civilizations.”
The growing asymmetry in economic relations is reportedly evident in energy statements. Putin has promised to supply China with at least 98 billion cubic meters of gas by 2030. However, Xi Jinping has not given Putin an outright approval or even a hint of progress on the Power of Siberia 2 gas pipeline , which is an important link as Moscow tries to sell more gas to the east while its export infrastructure is mostly focused on the west.
While the pipeline could provide China with a cheaper alternative to liquefied natural gas, the Xi government remains focused on diversifying supplies – essentially not repeating the European mistake of over-reliance on Russia.
Butt Odgerel, senior analyst at the Energy Policy Research Foundation, said many countries are now willing to sell gas, including the US, Qatar, Australia and Turkmenistan.
“If Russia does not make a very sweet offer, China can wait as long as it wants. Additional gas from Russia is not necessary, especially after the economic collapse caused by the lockdown,” he said.
It will be remembered that Xi Jinping spoke about a “new impetus” for the development of relations with the Russian Federation.
The White House praised the meeting between Putin and Xi
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.