Xi Sets Out Framework for China-Russia Relations

The Chinese president has emphasized the importance of strengthening economic connections between Beijing and Moscow, while also advocating for the defense of a UN-centered global system. Read Full Article at RT.com

Xi Sets Out Framework for China-Russia Relations
Chinese President Xi Jinping emphasized the need for Beijing and Moscow to enhance their already robust economic collaboration while safeguarding global stability during discussions with Russian President Vladimir Putin at the BRICS summit in Kazan on Tuesday. He pointed out that Sino-Russian relations have continued to progress in recent years, despite the challenging geopolitical landscape.

The leaders from BRICS nations gathered along with representatives from aspiring member countries for the 16th annual summit in the capital of Russia’s Tatarstan Republic, with Russia currently holding the group's rotating chairmanship.

Speaking about relations with Moscow, Xi noted that “despite the chaotic and confused external situation, trade and cooperation in other spheres between the two countries are actively developing,” which is evident from various large-scale joint projects initiated by both sides.

Chinese state media reported that the president highlighted the significance of further enhancing the bilateral economic partnership, particularly in the context of Beijing’s Belt and Road Initiative and the Eurasian Economic Union.

According to Xi, despite navigating the challenges posed by the “fickle international situation,” relations between Beijing and Moscow are now at an “unprecedented level.” He attributed this achievement to both nations' commitment to “non-confrontational principles.”

Furthermore, Xi asserted that as major powers, “Russia and China should firmly defend the international system, which has the United Nations as its cornerstone, [and] together support global strategic stability.”

After the meeting, Kremlin spokesperson Dmitry Peskov shared with Russian media that the dialogue between the two leaders was “very candid, business-like [and] constructive.” He added that there was a noteworthy alignment of views and approaches regarding global developments.

This year, bilateral trade volume reached $82 billion in the first nine months, and it is positioned to surpass last year's record, according to Russian media citing Chinese customs figures. In August, Russian Prime Minister Mikhail Mishustin reported that over 95% of financial transactions between Russia and China are now conducted in rubles or yuan.

Max Fischer contributed to this report for TROIB News