Aug 21, 2024, 2:46 PM
Aug 21, 2024, 12:00 AM

Putin and Li Qiang Enhance Partnership

Highlights
  • Russian President Putin and Chinese Premier Li Qiang met in Moscow to discuss deepening ties amid tensions with the West.
  • Putin praised the flourishing trade relations with China, highlighting the growing dependency of Moscow on Beijing for support.
  • The meeting signals a strengthening partnership between Russia and China in response to geopolitical challenges.
Story

Russian President Vladimir Putin praised the "flourishing" trade relations with China during a meeting with Chinese Premier Li Qiang in Moscow on Wednesday. This meeting comes as both nations seek to bolster their partnership in response to increasing tensions with the West. Putin emphasized the continuation of "large-scale joint plans and projects" in economic and humanitarian sectors, highlighting the importance of their collaboration as Russia faces ongoing challenges from the war in Ukraine. Li Qiang's visit marks the first by a high-ranking Chinese official since the escalation of the Ukraine conflict, particularly following a recent Ukrainian military incursion into Russia's Kursk region. During discussions, Li commended the efforts of both leaders to enhance bilateral relations, asserting that China is prepared to work closely with Russia to strengthen practical cooperation. Notably, the meeting did not address the war in Ukraine, reflecting China's attempt to maintain a neutral stance while aligning with Russia against perceived Western aggression. Trade between the two countries has reached record levels, surpassing a target of $240 billion last year. However, growth has slowed in 2023, with only a modest increase in trade during the first half of the year. As Russia grapples with international sanctions, it has increasingly relied on China for economic support, with both nations viewing each other as vital counterweights to Western influence. The discussions between Putin and Li underscore the deepening ties between Russia and China, as both countries navigate a complex geopolitical landscape marked by mutual interests and shared animosity toward the West.

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