Xi in Moscow: Russia’s role in Russia’s economic existence. world News

Chinese President Xi Jinping is for Russia’s Victory Day Parade in Moscow this week, where her Russian counterpart, Vladimir Putin, can perform military to help in cement relationships with Beijing.In World War II, the celebration of the 80th anniversary of Soviet victory over Nazi Germany, the parade aims to demonstrate Russia’s flexibility and ambition on the global stage.In the Kremlin, Xi announced that China stood shoulder to shoulder against “Hegmonic Balmashi” with Moscow, dismantling the restrictions on Russia on US President Donald Trump’s tariff and Ukraine’s invasion of Ukraine.She said, “The mutual belief between China and Russia sometimes gets deeper, in which practical cooperation is for an unwavering bond.”Bureaune Alexander Dubeen, an expert in Russia-China relations, feels that Xi’s visit has a “highly symbolic element”, given that, in addition to Brazilian President Lula da Silva, Xi was the only leading world leader who participated in the parade.Duben, a former Associate Professor at Jilin University in China, focused on the “personal coordination” between the two leaders and explained how Xi “practically gives more time for his interaction with Putin than any other international leader.”Russia needs China more than everAs the Western restrictions choke the Russia’s economy in the Ukraine War, Moscow is rapidly counted as a lifeline for the export of energy and raw materials on Beijing.China has become the top economic partner of Russia, with bilateral trade to $ 244 billion (€ 216 billion) last year. In February 2022, the two countries signed the “no limit” economic, military and diplomatic partnerships to combat the Western influence.Since the onset of the war, Russia’s exports have declined by 63%, while Chinese imports have helped Boster Moscow’s war -time economy, which ties the two countries more closely than ever.Instead of bakling under the stress of conflict, China-Russian relations have reached new heights. While maintaining neutrality in the war, Beijing made a clever deal with the Kremlin, giving russian oil and gas exemption, as European countries cut their dependence. Russia is now the top source of China’s crude oil import, which supplies around the fifth imports.Both powers have also tightened military bonds, ramping the joint war games and shared state -of -the -art defense technologies.While Russia’s economy has proved more flexible for Western sanctions, most experts expected, without China’s financial support, Moscow would be in a “deep disturbance”, Duben told DW.China’s support affects war attemptAlong with extended energy trade, Duben said that China has provided access to Russia -manufactured goods and technologies that it cannot produce and western states no longer export to Russia. The Associate Professor of the former Yilin University said that without China’s double -used goods (civil and military), “Russia’s armed forces might not be able to continue their military campaign against Ukraine.”Trump was aimed at Boxing in a corner against Washington and the rest of the world with such high tariffs on Chinese imports. Undivided, China has fought back, which has warned the nations a warning of ink trade deals with the US against reducing Chinese interests. In his practice with Washington, Beijing remains calculated but has been calculated.[In responding to Trump] Dubeen said, “China is positioning itself as a irregular, conservationist US as a stable counterweight, which shows its alliance with Moscow as the basis of global stability.”American secondary restrictions disrupt tradeFor Chinese exporters in unprecedented high and US markets with American tariffs on China, they can try to detect new opportunities in the Russia market, although much smaller than the US.But they would have to remove the US secondary sanctions imposed on Moscow to prevent institutions in the third countries that export them to Russia, which hesitantly hesitated to work with their Russian counterparts.“These secondary sanctions have proved a big hurdle in China-Russian economic negotiations and a sufficient obstacle in the moving trade,” Dubeen said. “But as business relations with the US become less attractive to China, Chinese banks and other businesses may be more inclined to ignore threats of American restrictions in their behavior with Russian businesses.”Earlier this year, secondary sanctions briefly disrupted Russia’s oil exports in China, when the American Treasury targeted 183 ships, two major Russian oil producers and related firms with restrictions. The rift caused a 18% decline in Russia’s raw exports to China in February. However, thanks to an alternative vessels and a Chinese workaround associated with payment systems, Russia’s shadow fleet has maintained trade.While Dubeen noted that although Russia focus on Russia may further enhance the China-Russian trade, he hopes that development will remain “modest” than China’s widespread global commerce.Siberia 2 Pipeline on ‘Active Stage’A center of the Putin-XI dialogue during the Chinese President’s visit is the proposed power of Siberia 2 gas pipeline, which is set for a 50 billion cubic meter Russian gas channels annually from Yamal in North Western Siberia through Mongolia.Moscow has consistently pursued Beijing over the years to finalize the project, but the pipeline route is unresolved to underline China’s upper hand. Russian Energy Minister Sergei Tsvilov revealed on Thursday that the conversation was on a “active phase”, although a deal is unlikely to be sealed during Xi’s visit.The Lopard Dynamic abandoned the Wanning Leverage of Bare Russia in a Beijing -led partnership, which strengthens China’s dominance as Moscow align with its global ambitions.“Given Russia’s unprecedented dependence on China, Moscow is rapidly associated with Beijing’s interests … and is now fast a supplier,” Daben said.