Russia-China relations at record level - Xi Jinping and Putin sign cooperation agreement
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping signed a joint declaration on bilateral cooperation in Beijing. The declaration, which aims to "further strengthen" strategic coordination between the two nations and deepen "good-neighborliness and friendly cooperation," was signed along with a number of other agreements covering areas such as technology and trade.
"As permanent members of the UN Security Council and important major countries in the world, China and Russia should pursue a strategic and long-term perspective, promote the development and revitalization of our respective countries through ever-higher-quality comprehensive strategic coordination, and work to make the global governance system more just and reasonable," Xi said. Putin added that relations with Beijing had reached an "unprecedented level."
China is a key trading partner for Russia, especially after Moscow's complete invasion of Ukraine in 2022, isolated the Kremlin from the international arena and cut off a significant part of its ties with Western countries.
Beijing has long maintained what it calls a neutral stance in the conflict, despite increasing trade ties with the Kremlin amid economic and financial sanctions from the US and Europe.
China has become Russia's main trading partner since the war in Ukraine began and is the main customer for Russian oil and gas supplies. Moscow expects the war in Iran to boost demand. China has also ignored Western demands to stop supplying high-tech components to Russia's arms industries.
Moscow's oil exports to China rose by 35% in the first quarter of 2026 and Russia is one of the largest exporters of natural gas to China, referring to its country's biggest ally as a "responsible consumer."
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