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(Bloomberg) — Russian President Vladimir Putin and his Chinese counterpart Xi Jinping began bilateral meetings in Moscow, emphasizing the alliance between their countries as they seek to upend the US-led world order.
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Russia and China have “a fully fledged partnership and strategic interests,” Putin said Thursday as the two sides convened. “We are developing our ties in the interests of both our peoples and not aimed against anyone.”
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Xi said China would “resolutely defend” its interests as well as those of Russia and other developing countries.
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Xi’s four-day trip to Moscow started Wednesday and coincides with Russia’s 80th anniversary commemorations of the end of World War II, with leaders from more than 20 countries due to attend. They include Brazilian President Luiz Inacio Lula de Silva.
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Putin said Chinese troops taking part in the May 9 military parade on Red Square would form the largest foreign contingent.
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This is the first time the two leaders have met in person since US President Donald Trump unleashed his trade war. Trump’s tariffs and defense policies have rocked ties with allies from Europe to Japan, and pulled his administration away from global institutions.
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That has played into China’s mission to counter the US-led world order — a task it has united with Russia over, particularly after Putin’s February 2022 invasion of Ukraine.
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China has provided an economic and diplomatic lifeline for Moscow following the start of the Kremlin’s war. The two leaders announced a “no limits” friendship shortly before the 2022 invasion began.
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The war, Russia-US relations and cooperation within the BRICS collective and the Group of 20 will be on the agenda for Thursday’s meetings, Kremlin foreign policy aide Yuri Ushakov said, according to the Interfax news service.
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The two leaders will discuss economic and energy issues including the proposed Power of Siberia 2 gas pipeline, and will brief reporters, Ushakov said.
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Russia has been pushing to secure China’s agreement for the pipeline, which would run through Mongolia. Beijing has been hesitant to finalize a deal, on the grounds it isn’t in urgent need of fuel and prefers to maintain a variety of supply options, without relying on a single country.
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Since Russia’s invasion of Ukraine, unprecedented Western sanctions have pushed Moscow to increase trade ties with China. Bilateral trade hit a new record of $245 billion in 2024, up 68% from 2021, according to Chinese customs data.
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