https://sputnikglobe.com/20221215/chinas-xi-strengthens-trade-and-energy-ties-with-russia-behind-diplomatic-scenes-reports-suggest-1105483203.html
China's Xi Strengthens Trade and Energy Ties With Russia Behind Diplomatic Scenes, Reports Suggest
China's Xi Strengthens Trade and Energy Ties With Russia Behind Diplomatic Scenes, Reports Suggest
Sputnik International
WASHINGTON (Sputnik) - Chinese President Xi Jinping is deepening economic ties with Russia despite the appearance of creating diplomatic distance between... 15.12.2022, Sputnik International
2022-12-15T12:08+0000
2022-12-15T12:08+0000
2022-12-15T12:08+0000
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Xi recently instructed his government to deepen economic ties with Russia, which have played a crucial role for Moscow amid the Western economic pressure since the beginning of Russia’s special military operation in Ukraine, the report said on Wednesday. The strengthening of economic ties with Russia includes increasing Chinese imports of Russian oil, gas and farming goods, as well as more joint energy partnerships in the Arctic and more investments in Russian infrastructure, the report added. The head of the Federal Customs Service of Russia, Vladimir Bulavin, said in November that the country's trade with China could grow by 27% to $160 billion in 2022. The volume of Russia-China trade reached the $100 billion mark in 2018. On February 4, Kremlin spokesman Dmitry Peskov said that Xi set a new target of $250 billion in trade turnover by 2024 at a meeting with Russian President Vladimir Putin, increasing the previous objective of $200 billion agreed to by both leaders.
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china, russia, xi jinping, chinese relations with russia, beijing backs moscow
china, russia, xi jinping, chinese relations with russia, beijing backs moscow
China's Xi Strengthens Trade and Energy Ties With Russia Behind Diplomatic Scenes, Reports Suggest
WASHINGTON (Sputnik) - Chinese President Xi Jinping is deepening economic ties with Russia despite the appearance of creating diplomatic distance between Beijing and Moscow, the Wall Street Journal reported, citing Chinese policy advisers.
Xi recently instructed his government to
deepen economic ties with Russia, which have played a crucial role for Moscow amid the Western economic pressure since the beginning of Russia’s special military operation in Ukraine, the report said on Wednesday.
The strengthening of economic ties with Russia includes increasing Chinese imports of Russian oil, gas and farming goods, as well as more joint energy partnerships in the Arctic and more investments in Russian infrastructure, the report added.
The head of the Federal Customs Service of Russia, Vladimir Bulavin, said in November that the country's trade with China could grow by 27% to $160 billion in 2022.
The volume of
Russia-China trade reached the $100 billion mark in 2018. On February 4, Kremlin spokesman Dmitry Peskov said that Xi set a new target of $250 billion in trade turnover by 2024 at a meeting with Russian President Vladimir Putin, increasing the previous objective of $200 billion agreed to by both leaders.
