Xi and Putin Vow to Enhance China-Russia Ties in Energy and Finance Sectors

Thursday, 16 May 2024, 16:02

Chinese President Xi Jinping and Russian President Vladimir Putin have promised to deepen cooperation in energy and finance, further boosting their already strong bilateral trade relationship. The alliance between the two countries, particularly in the energy sector, is playing a crucial role in Russia's economy amidst international tensions. With China emerging as a major importer of Russian oil, the partnership is set to strengthen further, signaling significant implications for both nations.

https://store.livarava.com/ecf4816f-139d-11ef-a6c2-63e1980711b2.jpg — Xi and Putin Vow to Enhance China-Russia Ties in Energy and Finance Sectors

Enhancing China-Russia Ties in Energy and Finance

Chinese President Xi Jinping and Russian President Vladimir Putin have pledged closer collaboration in the energy and finance sectors, solidifying an already robust trade partnership between the two countries. With record bilateral trade surpassing US$240 billion, China stands as the largest buyer of Russian crude oil. This alliance has become increasingly vital for Russia, particularly in the wake of conflicts with Ukraine.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Enhancing China-Russia Ties in Energy and Finance

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