Russia and China to Strengthen Ties

On 21st August 2024, Russian President Vladimir Putin and Chinese Premier Li Qiang met at the Kremlin on August 21, 2024, to discuss and bolster their growing trade and economic relationship.

Key Points

Meeting Overview: The meeting between Vladimir Putin and Li Qiang highlighted the expanding trade relations between Russia and China, with both leaders praising their successful economic collaboration.
Economic and Trade Relations: Russian President emphasized the positive outcomes of the bilateral trade and economic ties, noting that significant projects and plans have been developed. Li Qiang echoed this sentiment, affirming that Chinese-Russian relations are at an all-time high.
Geopolitical Context: The meeting occurred as Russia faces ongoing challenges in Ukraine, including a significant drone attack on Moscow. Despite China’s stance of neutrality on the Ukraine conflict, it shares Russia’s adversarial view toward the West.
China's Increased Influence: Following Western sanctions on Russian oil, China has significantly increased its oil purchases from Russia, enhancing its influence.
Previous Engagements: Russian President had previously strengthened ties with China by meeting with President Xi Jinping shortly after his re-election in the Kremlin, underscoring the strategic importance of the relationship.