Russian President Vladimir Putin and his Chinese guest Xi Jinping have signed more than a dozen documents on increased cooperation in fields ranging from trade and industry to science and the military. The two leaders also touched on the prospects for peace in Ukraine.
“This is an example of how world powers, who are permanent members of the UN Security Council and have a special responsibility for maintaining stability and security on the planet, should interact,” Putin said at the ceremonial dinner following the hours-long talks at the highest level in the Kremlin.
As part of his toast, the Russian president quoted from the ‘I Ching’ (‘The Book of Changes’), to say the Russian and Chinese people have a “common soul” and can overcome any obstacle with their joint strength.
Speaking to reporters after the talks, Putin said that relations between China and Russia were “at their highest point in history” and that trade and economic cooperation were the priority of both governments.
China’s trade with Russia hit a record high in 2022, growing by 30% as the West tried to embargo Moscow. Bilateral trade is on pace to hit over $200 billion this year – though two thirds of it have been denominated in yuans and rubles, as both countries move away from the dollar.
Putin has endorsed the use of yuan in trade settlements with other countries in Asia, Africa and Latin America.
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