The plan includes increasing Chinese imports of Russian oil, gas and agricultural products and increasing Chinese investment in Russian infrastructure.
Chinese leader Xi Jinping has ordered his government to forge closer economic ties with Russia. The Wall Street Journal writes about this, citing the words of Beijing’s political advisers.
It is noted that despite the fact that Xi Jinping previously tried to publicly distance himself from Russia, he is now increasing his long-term stake in the Russian Federation.
The plan includes increasing Chinese imports of Russian oil, gas and agricultural goods, expanding joint energy partnerships in the Arctic, and increasing Chinese investment in Russian infrastructure such as railways and ports. .
In addition, the Russian Federation and China conduct more financial transactions in rubles and yuan, than in euros or dollars. This helps protect them from future sanctions and ensures that Chinese currency is more widely circulated.
The publication notes that such a partnership has helped Russia’s leadership mitigate the effects of Western sanctions, allowing Putin to wage war. In addition, some countries that depend on China for trade did not take sides in the conflict.
Earlier it was reported that the car market in Russia has become almost 80% Chinese. Cars from only two countries are represented there – China and the Russian Federation itself.
China bans export of ‘strategic’ chips to Russia – media
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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.