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Russia – China. Financial Times: Russia will offer China raw materials for favorable attitude towards Ukraine invasion

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Chinese leader Xi Jinping’s visit to Moscow will result in a mutually beneficial deal under which Russia will offer Beijing its raw materials in exchange for a favorable stance on the invasion of Ukraine and help in easing the effects of Western sanctions, writes the British daily “Financial Times”. “The logic of events indicates that we will completely transform into a Chinese resource colony,” commented a source close to the Kremlin.

The authorities in Moscow agree to economic dependence on Chinaseeing this as a key condition for victory in the war against Ukraine. Beijing is also the Kremlin’s most important survival partner Russia the economic effects of Western sanctions.

The payment for China’s favor and long-term support will be the supply of Russian raw materials, a source close to the Russian authorities told the British daily “Financial Times”.

The daily stressed that last year the value of bilateral trade between the two countries reached a record value of USD 190 billion. In January, Russia became the largest exporter of natural gas to the Chinese market, and the key topic of talks between Xi and China Vladimir Putin was probably the Power of Siberia 2 gas pipeline project.

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Deepening relations between Moscow and Beijing

The implementation of this project is to help Russia redirect surplus gas to China, which is no longer possible to sell in Europe, we read in “FT”.

– The logic of events indicates that we will completely transform into a Chinese resource colony. Our servers will come from Huawei. We will become a supplier of literally everything for China. They will receive gas from the Power of Siberia gas pipeline. Until the end of 2023, the yuan will be our main currency in foreign trade, added a source close to the Kremlin.

Xi Jinping and Vladimir Putin in the Kremlin PAP/EPA/GRIGORY SYSOEVS/SPUTNIK

A similar assessment was presented by Maria Shagina from the London-based International Institute for Strategic Studies (IISS). The sanctions have highlighted the already asymmetric relationship between Russia and China. It is hard to hide the fact that Russia is currently China’s junior partner, the analyst noted.

Deepening relations between Moscow and Beijing is rather “marriage of convenience, not love” US National Security Council spokesman John Kirby said.

China did not condemn Russia’s aggression against Ukraine

On Monday, the Chinese leader’s three-day visit to Moscow began. Xi is the first foreign leader to meet Putin since International Criminal Court in The Hague issued a warrant for his arrest on March 17 for war crimes in Ukraine.

Putin and Xi signed a joint statement on “deepening comprehensive partnership and strategic cooperation in a new era,” China’s Xinhua news agency reported. The Russian dictator was also supposed to support the so-called peace plan of the People’s Republic of China, which did not provide for the withdrawal of the invader’s troops from the territory of Ukraine.

The Chinese communist authorities have not condemned Russia’s aggression against Ukraine, refrain from calling it an invasion and oppose the sanctions imposed on the Kremlin. Since the beginning of the war, Xi has spoken with Putin many times, but so far there has been no talk between him and Ukrainian President Volodymyr Zelensky.

Main photo source: PAP/EPA/GRIGORY SYSOEVS/SPUTNIK



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