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Home»Business»Finance
Finance

As Putin and Xi meet, the West remains uncertain about the power dynamics between Russia and China

May 16, 2024No Comments2 Mins Read
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Russia’s relationship with China is under scrutiny as President Vladimir Putin meets with Xi Jinping in Beijing. Amid tensions with the West due to the war in Ukraine and trade disputes, the leaders are expected to deepen cooperation in economic, military, and geopolitical affairs. The Kremlin has stated that their partnership is a stabilizing factor in the international arena, with both leaders emphasizing the strong ties between the two countries.

The relationship between Russia and China is seen as inevitable, driven by decisions made by both countries and Western governments. While they are not considered strategic partners, they are strategically aligned and interdependent on each other for support. China has more flexibility and options than Russia in the relationship, and both leaders will likely focus on the positives and mutual benefits of their collaboration in their meeting.

The leaders are expected to discuss various issues related to their partnership and sign bilateral agreements. They will also commemorate 75 years of diplomatic relations between Russia and China. Putin’s visit to Beijing marks his first trip abroad since his reelection, and the discussions are likely to include plans for joint economic projects, opposition to Western imperialism, and the situation in Ukraine. The friendship between Putin and Xi is often emphasized, but analysts stress that the relationship is complex and multifaceted.

The partnership between Russia and China goes beyond a simple marriage of convenience, as both countries benefit from the collaboration. China secures access to Russian resources and investments, while Russia gains trade and economic support. Despite presenting a united front, there are points of contention, such as Russia’s war in Ukraine and China’s vulnerability to Western sanctions. China has denied accusations of supporting Russia’s actions and has not fully embraced distancing from Western influence like Russia.

Russia appears to have embraced its isolation from the West, while China has not fully committed to breaking away from Western ties. China’s reluctance to fully align with Russia’s anti-Western stance indicates a level of caution in their relationship. The U.S. has targeted Chinese companies for allegedly aiding Russia, further complicating China’s position. The dynamic between Russia and China is characterized by shared interests, mutual benefits, and strategic calculations, as both countries navigate the complexities of geopolitics and international relations.

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