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Home»World»Europe»Russia
Russia

Putin Highlights Economic Relations on Last Day of China Visit

May 17, 2024No Comments3 Mins Read
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President Vladimir Putin visited the northeastern Chinese city of Harbin to promote trade with China and gain support for Russia’s war on Ukraine. This trip, Putin’s first since being re-elected in March, aimed to strengthen ties with China and showcase their partnership as a stabilizing force in the world. China and Russia have deepened their strategic partnership since Russia’s invasion of Ukraine, with China providing crucial support to Russia’s economy through booming trade, which hit $240 billion in 2023. Putin’s visit to Harbin further underscores the importance of this economic relationship.

During the opening ceremony of a Russia-China trade expo in Harbin, Putin highlighted the strong energy ties between the two countries and pledged to enhance them further. He emphasized Russia’s readiness to provide affordable and environmentally clean energy to power the Chinese economy, businesses, cities, and towns. Additionally, Putin expressed a commitment to deepen bilateral cooperation in the field of high technologies and innovations as the world enters the next technological revolution. Harbin’s proximity to the Russian border makes it a key location for cross-border trade and cultural exchange.

The growing economic relationship between Russia and China has been pivotal in supporting Russia’s isolated economy, especially in the wake of Western sanctions. Since the invasion of Ukraine, trade between the two countries has flourished, reaching $240 billion in 2023 based on Chinese customs data. This trade partnership has not only provided economic benefits to both nations but has also reinforced their strategic ties in the face of international criticism and sanctions. Putin’s visit to Harbin is part of broader efforts to further strengthen and expand this economic cooperation.

Putin’s visit to China and his participation in the Russia-China trade expo demonstrate the importance placed on enhancing economic ties between the two countries. By attending key events and engaging in discussions with Chinese leaders, Putin aims to deepen cooperation in critical sectors such as energy and technology. This strategic partnership not only benefits both countries economically but also serves to counterbalance Western influence and pressure on Russia. Putin’s trip to Harbin is a continuation of efforts to solidify the economic foundation of the Russia-China relationship.

As Putin concludes his visit to Harbin, he is expected to hold a press conference with Russian state media to further discuss the outcomes of his trip and the future of economic cooperation between Russia and China. This visit reaffirms the close relationship between the two countries and the mutual benefits derived from their economic partnership. By working together in areas such as energy and technology, Russia and China aim to advance their economic interests while also positioning themselves as key players in the evolving global landscape. Putin’s visit underscores the strategic importance of the Russia-China partnership in the face of international challenges and underscores the significance of their economic ties.

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