May 23, 2024

Why trade with China is vital to Russia

Russian President Vladimir Putin (right) and Chinese President Xi Jinping

According to experts, business between the two countries is “increasingly done under China’s conditions.”

(photo: AP)

Beijing, Riga Russian President Vladimir Putin admitted to his Chinese counterpart Xi Jinping during his visit to Moscow that he is a bit “envious” of China’s tremendous development progress. This also resonates: In light of Western sanctions, Moscow is increasingly dependent on its largest trading partner.

Therefore, the economic cooperation between the two countries played an important role in the bilateral talks. Xi hoped the two countries could fully tap the potential of large-scale infrastructure projects to “promote growth, jointly ensure energy security, and expand bilateral economic and trade exchanges,” the Chinese side said in an official statement.

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