BEIJING - China on Tuesday urged increased cross-border connectivity with Russia and deeper mutual trade and investment cooperation, as both allies vowed ever closer economic ties despite disapproval from the West afterThe Russian minister of economic development held “in-depth” discussions on economic cooperation with the Chinese commerce minister in Beijing on Tuesday, coinciding with a trip by China’s top diplomat, Mr Wang Yi, to Moscow for strategic talks that led to the confirmation of...
With the war in Ukraine well in its second year and Russia under Western sanctions, Moscow has leaned on its ally Beijing for economic support, feeding on Chinese demand for oil and gas, as well as grain. On Tuesday, Group of Seven ministers reiterated their call, without naming any countries, on third parties to “cease any and all assistance to Russia’s war of aggression or face severe costs.”
Last week, Russia’s United Oil- and Gas-Chemical Company and China’s Xuan Yuan Industrial Development agreed to build a transshipment oil complex near a railway bridge linking the Russian town of Nizhneleninskoye to China’s Tongjiang as Moscow diversifies its exports of commodities away from Europe, which it now deems politically “unfriendly”.