The year 2024 marks a significant milestone as Russia and China celebrate the 75th anniversary of their diplomatic relations. Russian President Vladimir Putin's state visit to China, his first foreign trip since assuming a new presidential term, underscores the deepening strategic partnership between the two nations.
From May 16 to 17, Putin traveled to Beijing and Harbin, engaging in numerous meetings and negotiations aimed at enhancing bilateral relations and addressing global issues. The visit culminated in a press conference where Putin highlighted the mutual interests that bind Russia and China, emphasizing their role in fostering a multipolar world.
A key highlight of the visit was an informal meeting between Putin and Xi Jinping. The two leaders discussed critical topics, including the Ukraine crisis, with Xi outlining China's initiatives for a peaceful resolution. Their personal rapport, built over nearly 40 meetings, plays a crucial role in the strong ties between the two countries.
During the visit, Putin and Xi signed a comprehensive joint statement that deepens their strategic interaction and outlines future pathways for their partnership. This document emphasizes Russia and China's leading role in shaping a fair and democratic global order.
Economic cooperation remains a cornerstone of their relationship. In 2023, Russia achieved record exports of oil and gas to China, with a 24% increase in oil exports reaching 107 million tons. The export of liquefied natural gas also saw a significant rise, reflecting the robust energy ties between the two countries.
Looking ahead, Russia and China plan to further collaborate in the energy sector, including the construction of the Power of Siberia 2 gas pipeline. This ambitious project aims to transport up to 50 billion cubic meters of gas annually from Russia to China through Mongolia, reinforcing their energy partnership.
The strategic partnership also extends to the development of a fuel and energy complex. Both nations have reached agreements to implement this project and are exploring the construction of an oil pipeline, with routes under consideration that include transit through Mongolia. The final route will be determined after thorough analysis by specialists.
Reference(s):
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