Russia And China JUST ANNOUNCED This NEW GAME CHANGING Strategy That Is A MASSIVE Blow To The West
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Russia and China are taking their relationship to a new level. The two countries aim to deepen their ties and reach their target of $200 billion worth of trade ahead of schedule.
And experts think the potential for bilateral cooperation between these two powerful nations is far from exhausted. The world is watching with intrigue as the rising superpower of China and the natural resources titan of Russia forge an unprecedented partnership.
And this "no limits" partnership is being watched with some anxiety by the West, as the depth of this relationship remains uncertain.
The Russian foreign ministry has expressed eagerness for face-to-face talks with Beijing's leadership. And reports suggest that China's top diplomat will visit Moscow in February, marking a significant milestone in strengthening this bond.
With the world eagerly watching this developing relationship, there is no doubt that the future holds exciting opportunities for these two nations.
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First of all, China has refrained from labeling Russia's action in Ukraine an "invasion" or otherwise denouncing it.
And it agrees with the Russian government's description of the conflict as "a special military operation."
President Vladimir Putin has said that Russia will be shifting its focus to Asia in response to the West's draconian sanctions placed on Moscow for the Ukraine conflict.
And after centuries of viewing the West as the locus of innovation in economics, technology, and warfare, it is now looking towards China.
Russian daily Vedomosti claimed in January that Chinese Foreign Minister Wang Yi was scheduled to visit Moscow in February.
The article also claims that Wang may pay Putin a visit while in Russia.
The reason for Wang's trip is unknown, although it may have something to do with President Xi Jinping of China's planned trip to Russia.
However, Chinese Foreign Ministry Spokesperson Mao Ning stated during a routine briefing that she had not been made aware of any plans to meet with Wang Yi.
Now, the volume of trade between China and Russia increased dramatically in 2021. And their commerce proved the limitations of Western sanctions by providing a lifeline to Russia's struggling economy.
Moscow had increased its purchases of Chinese semiconductors and microchips, which are essential to its military effort in Ukraine. And this was revealed in a report by the non-profit Free Russia Foundation in Washington, DC.
China bought more Russian exports because it sold more energy, which was more than enough to make up for the declines from the US, the UK, and some European Union countries.
According to media articles, the United States, the European Union, and the United Kingdom have all reduced their interactions with Russia. And China is currently, by a large measure, Russia's most significant trading partner.
Meanwhile, the Russian customs service has not released monthly figures on exports and imports since April.
They stated they want to prevent "incorrect predictions, guesses, and disparities in import delivery." Western sanctions have not stopped China from becoming a provider of potential military technologies. And statistics show China sold unmanned aerial vehicles to Russia for $3.3 million last year.
The report stated that in November and December, UAV deliveries from the UAE, Hong Kong, China, and Singapore continued to Russia.
Moreover, Russian purchases of Chinese-made microchips and semiconductors climbed by 34% last year.
So, despite Western sanctions aimed at that trade, the total value of Russia's chip imports will reach $2.45 billion in 2022, up from $1.82 billion in 2021.
There has been a concerted effort to strengthen commercial connections between Russia and China over many years. And this includes a gas pipeline costing $55 billion and a rise in the yuan's use in Russia.
Officials in Moscow have long worried that Russia may get trapped in China's economic orbit. But as the economic connection has grown, so have those fears.
The data was gathered by the Free Russia Foundation and the IE University in Madrid from a data source that specializes in value-chain analysis for companies.
Russian economists and ex-officials from Russia who are now living abroad made up the bulk of the report's team.
Among these are Vladimir Milov, a former deputy energy minister and an opposition leader, and Sergey Aleksashenko, a former deputy head of the central bank.
