Thursday 21 June 2018

Putin: Co-operation with China at unprecedented level

The Russian president’s Chinese counterpart said the countries supported each other’s core interests.

Vladimir Putin reviews a military honour guard with Chinese president Xi Jinping (AP)
Vladimir Putin reviews a military honour guard with Chinese president Xi Jinping (AP)

By Vladimir Isachenkov

Co-operation between Russia and China is at an all-time high, Russian president Vladmir Putin told his Chinese counterpart, Xi Jinping.

Mr Putin spoke during a meeting ahead of a summit in Beijing featuring their two countries and six Asian states.

The Russian leader said: “Co-operation with China is one of Russia’s top priorities and it has reached an unprecedented level.”

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The meeting takes place in the Great Hall of the People in Beijing (AP)

Mr Xi said the two countries have “always firmly taken the development of relations as a priority direction”.

They have “resolutely supported the other’s core interests … and jointly, proactively participated in international affairs and global governance,” the Chinese president said.

Russia and China have responded to the US national security strategy describing them as America’s top adversaries by vowing to further expand their economic, political and military co-operation.

They have also sought to strengthen the Shanghai Co-operation Organisation, a regional grouping they created, which meets this weekend.

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Mr Putin hailed co-operation levels between his country and China (AP)

Further underlining the relationship’s importance, the visit comes just a month since Mr Putin began his new term in office. He and Mr Xi have met 25 times – five times last year alone, according to Mr Putin’s foreign affairs adviser, Yuri Ushakov.

Following a formal welcoming ceremony at the Great Hall of the People in central Beijing, Mr Putin first with China’s premier Li Keqiang, telling him that Russia-China trade and economic ties have “gained a good tempo, and we are looking for new spheres of co-operation”.

Mr Li said bilateral trade is expected to reach 100 billion dollars (£74 billion) this year and voiced a readiness to expand co-operation in both traditional and new spheres, including nuclear energy.

Bilateral trade shrank from nearly 100 billion dollars in 2014 to some 60 billion dollars the following year due to a sharp depreciation of the Russian currency. It has since partly recovered as the rouble has strengthened, reaching nearly 90 billion dollars last year.

Russia has also increasingly turned to China as a market for its energy exports and a source of investment in infrastructure projects.

Press Association

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