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OPEC Lifts Production in February

Putin And Xi Jinping Sign String Of Strategic Agreements

Xi Jinping concluded a three-day visit to Russia on March 21. He and Russian President Vladimir Putin inked several agreements to deepen strategic cooperation between the two countries. 

Xi said the agreement brings ties into a "new era" of cooperation, while Putin described the talks as "successful and constructive."

The monumental meeting comes as Moscow's international isolation deepens due to its continued aggression in Ukraine.

Xi reiterated his call for a diplomatic resolution to the conflict, saying it is guided by the principles of the United Nations and promotes a peaceful settlement. 

"We signed a statement on deepening the strategic partnership and bilateral ties which are entering a new era," Xi noted.

During the state visit, Xi commented on the "constructive talks" he shared with Putin about the expansion of trade and economic cooperation. 

Additional natural gas deliveries to China were agreed upon, with plans for the countries to enhance transport links by way of building roads and bridges. 

While many have described their partnership as having reached an all-time high, the joint statement released indicated that the partnership was not directed against any other country, nor did it constitute a "military-political alliance".

This cementing of the alliance has been a bone of contention for NATO and Western powers, but their appeal to China to refrain from providing arms to Russia may have had a positive impact. 

NATO Secretary-General, Jens Stoltenberg, said there is no evidence that China has agreed to provide weapons to Russia. 

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By Michael Kern for Oilprice.com 

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  • Mamdouh Salameh on March 22 2023 said:
    The Chinese-Russian strategic alliance is going from strength to strength as evidenced by its rising political and economic influence in the world’s most vibrant and fastest-growing region in the world, the Asia-Pacific region and also in the Gulf region home to the world’s most oil and gas reserves.

    The alliance is currently ushering in the transiting of the World Order from a unipolar system led by the United States to a multipolar one.

    And while Russia is indeed isolated from the West by sanctions, it isn’t isolated from the world. It is Western countries that are isolated from the world as the world sees them as the neo-imperialists using the current World Order to impose their will on the world and punish countries with sanctions if they dared to disagree with them.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

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