Russia wants Chinese business to replace Western firms, Putin tells Xi

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Russian President Vladimir Putin said after talks with Chinese leader Xi Jinping on Tuesday that Chinese proposals could be used as the basis of a peace…

The United States has been dismissive of the Chinese proposal, given Beijing’s refusal to condemn Russia over Ukraine, and says a ceasefire now would lock in Russian territorial gains and give Putin’s army more time to regroup.

“I am convinced that our multi-faceted cooperation will continue to develop for the good of the peoples of our countries,” Putin said in televised remarks. In their joint statement, Xi and Putin also called on the United States to stop “undermining global strategic security” and to cease developing a global missile defense system.

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