MOSCOW (dpa-AFX) – Russia’s President Wladimir Putin China’s head of state and party leader Xi Jinping has pledged a permanent, reliable supply of oil and gas. Russia is able to meet the Chinese economy’s growing demand for energy, Putin said in talks with Xi and the Chinese delegation in the Kremlin on Tuesday. By 2030, the gas supply should increase to almost 100 billion cubic meters per year. In addition, 100 million tons of liquid gas would be delivered, but also coal and other energy sources.
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After the collapse of the European energy market in the course of its war against the Ukraine, the raw materials superpower Russia is increasingly orienting itself towards Asia. China gets the energy at a discount. According to Putin, the trade volume between China and Russia hit a record last year at almost 190 billion US dollars (around 93 billion euros). This year, the value is expected to rise to more than 200 billion US dollars.
Despite the pressure of Western sanctions against Russia, trade is increasing, Putin stressed. He also informed that practically all the prerequisites for a new gas pipeline through Mongolia to China are in place. In the future, 50 billion cubic meters of gas will flow through them. The Kremlin chief also said that Russia is ready to supply agricultural products to China. Both states have long-term perspectives and could become leading states in information technology and in the development of artificial intelligence.
According to Putin, payments for goods in the Chinese currency yuan and in rubles are also to be expanded. The countries of Africa, Asia and Latin America are also increasingly willing to do this. Russia is pursuing this strategy to weaken the US dollar as a currency.
Xi said in a brief statement, according to the Russian translation, that Beijing-Moscow relations are developing “healthily and dynamically.” At the end of the negotiations, agreements between the two countries on expanding the strategic partnership should be signed on Tuesday. A celebratory banquet is planned for the evening before the state visit ends this Wednesday.
China is considered a close ally of Russia. At the same time, Beijing has so far largely adhered to the international sanctions against Moscow so as not to become the target of punitive measures./mau/DP/ngu