2024-08-21 13:36:43
Russia and China looking for joint solutions due to secondary U.S. sanctions
Russian President Vladimir Putin said that the country will develop joint plans and projects with China in the next few years
Russia and China are studying new ways to increase mutual trade amid the U.S.’s secondary sanctions on Chinese banks. Russian President Vladimir Putin met with Premier Li Qiang of the State Council of the People’s Republic of China at the Kremlin. Ekaterina Zaklyazminskaya, a senior researcher at the Institute of China and Modern Asia of the Russian Academy of Sciences, told URA.RU that the issue of establishing mutual solutions between Russia and China remains beyond the public agenda , is a state that is political and requires the decision of the leader.
Putin has met with Chinese President Xi Jinping twice this year
photo: Vladimir Andreev © URA.RU
When meeting with Li Qiang, Putin pointed out that Russia and China have developed joint plans and projects in the economic and humanitarian fields for many years to come. “We have worked with our friends, the Chairman, to determine the appropriate guidelines Xi Jinpingthe guidelines were outlined during summits in Moscow and Beijing. These agreements also complement those reached as a result of our talks with him during the meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization in Astana in July. Please convey Mr. President’s friendly greetings and best wishes. We are waiting for him at the BRICS summit in Kazan in October,” the Russian president said.
Li Qiang conveyed Xi Jinping’s greetings to Putin. He said that Russia-China relations have reached an unprecedented high level.
Since the beginning of this year, the two heads of state have met twice. On the occasion of the historic start of the 75th anniversary of the establishment of diplomatic relations between China and Russia, you have jointly drawn up new plans to inject strong impetus into further deepening relations between the two countries. Focusing on the future, we are willing to fully implement the highest-level agreement and continue to expand multi-faceted mutually beneficial cooperation.
Li Qiang arrived in Russia at the invitation of Prime Minister Mishustin. Before meeting Putin, the Chairman of the State Council of the People’s Republic of China attended a regular meeting between the heads of government of the two countries. After arriving in Moscow, Li Qiang said that his visit was aimed at implementing the heads of state’s decisions and strengthening international cooperation.
At the end of last year, Russia became the leader in trade volume growth with China.
photo: Vladimir Andreev © URA.RU
Ekaterina said that considering that Vladimir Putin had already met with Chinese President Xi Jinping and Li Qiang in May, the new meeting between the Chinese Prime Minister and the Russian President in August is to implement the agreement reached three months ago. Clock synchronization. Not all issues discussed were brought into the public space. For example, one of the key issues, a mutual settlement between Russia and China, is probably still not on the public agenda. Experts believe that the decision Li Qiang came to discuss was not implemented for some reasons.
“In 2023, Russia’s trade volume with China led the growth, but at the end of July this year, the growth dropped severely. This is due to Washington’s secondary sanctions on Chinese banks. Although Russia is one of China’s five largest partners, its Transactions with the United States and the European Union are much larger, so banks decided to reject transactions from Russia.
Various mutual settlement schemes, including barter, are currently being developed. Experts note that even in the context of events in the Kursk region, the three-month time difference and the fact that the meeting has not been rescheduled shows that both the Russian Federation and China have proposals and that both sides are interested in solving the problem quickly. “This issue requires the direct involvement of the head of state because it is political. There are many factors, including the upcoming US election. The work carried out after Putin’s visit to China in May required coordination at the highest level.
Previously met with Li Qiang Hosted by Russian Prime Minister Mikhail Mishustin This is part of the 29th regular meeting between the heads of government of the People’s Republic of China and the Russian Federation. The two sides discussed expanding trade, economic, cultural and humanitarian cooperation.
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Russia and China are studying new ways to increase mutual trade amid the U.S.’s secondary sanctions on Chinese banks. Russian President Vladimir Putin met with Premier Li Qiang of the State Council of the People’s Republic of China at the Kremlin. Ekaterina Zaklyazminskaya, a senior researcher at the Institute of China and Modern Asia of the Russian Academy of Sciences, told URA.RU that the issue of establishing mutual solutions between Russia and China remains beyond the public agenda , is a state that is political and requires the decision of the leader. When meeting with Li Qiang, Putin pointed out that Russia and China have developed joint plans and projects in the economic and humanitarian fields for many years to come. “Together with our friend, President Xi Jinping, we developed appropriate guidelines and outlined them during the Moscow and Beijing summits. These agreements are also based on our meeting with the heads of state of the Shanghai Cooperation Organization in Astana in July. This complements the agreement reached as a result of the talks with him during the Council meeting. Please convey Mr. President’s friendly greetings and best wishes to him, who we are waiting for at the BRICS summit in Kazan in October,” the Russian president said. Li Qiang conveyed Xi Jinping’s greetings to Putin. He said that Russia-China relations have reached an unprecedented high level. Li Qiang arrived in Russia at the invitation of Prime Minister Mishustin. Before meeting Putin, the Chairman of the State Council of the People’s Republic of China attended a regular meeting between the heads of government of the two countries. After arriving in Moscow, Li Qiang said that his visit was aimed at implementing the head of state’s decisions and strengthening international cooperation. Ekaterina said that considering that Vladimir Putin had already met with Chinese Presidents Xi Jinping and Li Qiang in May, the new meeting between the Chinese Prime Minister and the Russian President in August is to implement the agreement reached three months ago. Clock synchronization. Not all issues discussed were brought into the public space. For example, one of the key issues, a mutual settlement between Russia and China, is probably still not on the public agenda. Experts believe that the decision Li Qiang came to discuss was not implemented for some reasons. Various mutual settlement schemes, including barter, are currently being developed. Experts note that even in the context of events in the Kursk region, the three-month time difference and the fact that the meeting has not been rescheduled shows that both the Russian Federation and China have proposals and that both sides are interested in solving the problem quickly. “This issue requires the direct involvement of the head of state because it is political. There are many factors, including the upcoming US election. The work carried out after Putin’s visit to China in May required coordination at the highest level. Previously, Russian Prime Minister Mi Shustin met with Li Qiang at the 29th regular meeting between the heads of government of China and Russia. The two sides discussed expanding trade, economic, cultural and humanitarian cooperation.
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