This comes amid the Kremlin’s increasing dependence on China for commercial and political support as it seeks to enhance its influence. “Borderless” partnership. With Beijing on different fronts.
“It’s very clear that over the last two years, Putin has wanted three things from China,” Max Hess, a fellow at the Foreign Policy Research Institute, told CNBC’s “Squawk Box Asia” on Wednesday.
He wants a “deal” for Siberian Force 2 He added that the natural gas pipeline seeks more Chinese support for the war in Ukraine, especially regarding equipment. Putin also wants to access Chinese financial markets and use “the Chinese currency to boost Russian trade,” Hess said.
“We have already seen remarkably little progress on all of these,” he added. “So Putin will go to China and see what he can get.”
in Interview with state media Xinhua Published ahead of the visit, Putin said economic and trade relations between Russia and China have developed rapidly, “demonstrating their continued ability to respond to external challenges and crises.”
He also supported China’s peace proposal on the Ukrainian war and said that Russia remains open to dialogue to resolve the conflict.
Beijing issued a 12 point plan More than a year ago, I offered vague principles for ending the war in Ukraine. That wasn’t the plan Good reception By the Ukrainian and Western allies.
“Putin has been in Ukraine for a long time. He has no plan to give up,” Hess said, adding that the Russian leader is trying to “press his advantages” on the battlefield and on the diplomatic front with China.
China is also facing increasing pressure from Washington over its military support for Russia.
The Biden administration on Tuesday announced tough new tariff rates on $18 billion worth of Chinese imports, to protect American industries from unfair competition.
As a result, observers say Beijing has little choice but to get closer to Moscow.
“Just look at Biden imposing 100% tariffs on Chinese electric vehicle exports. All of this sends a message to the Chinese that no matter who is elected in November, the United States is trying to contain them,” said Ian Bremmer, a political scientist and president. Eurasia Group said in comment.
“I think in the long run, the more they see that from the United States and its allies, the closer they will ultimately become to the Russians.”
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