China-Russia Strategic Partnership: News and Analyses

[CHN Bamboo]

China, Russia vow to strengthen cooperation, promote world stability​

Source: Xinhua| 2019-07-27 15:56:24|Editor: huaxia

Chinese State Councilor and Foreign Minister Wang Yi (R) meets with Russian Foreign Minister Sergey Lavrov in Rio de Janeiro, Brazil, July 26, 2019. Wang Yi attended the Formal Meeting of the BRICS Ministers of Foreign Affairs in Rio de Janeiro. (Xinhua/Xin Yuewei)​

RIO DE JANEIRO, July 26 (Xinhua) -- Chinese and Russian foreign ministers on Friday expressed the willingness to strengthen practical cooperation of their countries while vowing to maintain stability of the world.

During his meeting with Russian Foreign Minister Sergey Lavrov, Chinese State Councilor and Foreign Minister Wang Yi said that Chinese President Xi Jinping made a historic visit to Russia in June and, together with Russian President Vladimir Putin, upgraded the bilateral relations to a comprehensive strategic partnership of coordination for the new era.

The two sides should work together to implement the important consensuses reached by the two heads of state, yielding more results and enriching the China-Russia relations, he said at the meeting held on the sidelines of the Formal Meeting of the BRICS Ministers of Foreign Affairs.

He also said the two sides should stand ready for more high-level exchanges, consolidate political mutual trust, strengthen people-to-people exchanges, and expand practical cooperation, especially in the fields of advanced technology and energy.

Noting that the world is undergoing profound changes unseen in a century, Wang said the China-Russia relationship has become increasingly strong and resilient, serving as a stabilizer for the world faced with more uncertainties.

China is willing to work together with Russia on international affairs to safeguard the legitimate rights and interests of the two countries as well as the international fairness and justice, and jointly promote regional and world peace and stability, Wang added.

Echoing Wang, Lavrov said Russia stands ready to work with China to implement the consensuses of the two heads of state and promote a steady development of their comprehensive strategic partnership of coordination for the new era to achieve more practical results.

Under the current situation, the comprehensive and strategic nature of the Russia-China cooperation is becoming more prominent, Lavrov said.

The two countries should strengthen coordination and cooperation on regional and international affairs to inject more stability into the world, he said.

Lavrov said that the Russia-China strategic coordination has a strong inherent dynamism and will not be affected by external factors, adding that any attempt to undermine their bilateral cooperation is doomed to fail.

The two sides also exchanged views on international issues of common concern such as the Iran nuclear issue and the situation in Venezuela.


http://www.xinhuanet.com/english/2019-07/27/c_138262789.htm

 

[Viva_Viet]

In the current clash in SCS ( east VN sea) Russia is on VN's side against CN forces
-------

Diplomacy
South China Sea: Vietnam extends operation of oil rig on Vanguard Bank as stand-off with Beijing continues

• Hanoi says Hakuryu-5 joint operation with Russia will now run until September 15
• Coastguard vessels from China and Vietnam continue vigil on disputed reef

Topic | South China Sea

Teddy Ng

Published: 1:35pm, 26 Jul, 2019

Updated: 10:41pm, 26 Jul, 2019


Vietnam said it has extended the work schedule of an oil rig on Vanguard Bank, showing no sign of backing down from a confrontation with Beijing over drilling operations in the South China Sea.

The Vietnamese foreign ministry said it would protect its sovereign rights as the stand-off between Hanoi and Beijing entered its fourth week.

A notice issued on Thursday by the Southern Vietnam Maritime Safety Assurance Corporation said the Hakuryu-5 rig’s operations – a joint venture with Russia – would be extended from July 30 until September 15, Vietnamese newspaper Tuoi Trereported.


The notice also urged vessels to stay away from the rig as a matter of safety.

China’s foreign ministry spokeswoman Hua Chunying said on Friday that Vietnam had been violating China’s sovereign rights to Vanguard Bank since May.

“China has already expressed its stance and is keeping in touch with the Vietnamese side,” she told a press conference. “We call on Vietnam to properly handle the incident.”

Hakuryu-5, which belongs to the Tokyo-based Japan Drilling Company, was hired by Russian state-owned oil company Rosneft to look for oil and gas in Vanguard Bank, the westernmost reef in the resource-rich Spratly Islands. Its operations began on May 15.

https://www.google.com/amp/s/amp.sc...ea-vietnam-extends-operation-oil-rig-vanguard

 

[oprih]

In the current clash in SCS ( east VN sea) Russia is on VN's side against CN forces
-------

Diplomacy
South China Sea: Vietnam extends operation of oil rig on Vanguard Bank as stand-off with Beijing continues

• Hanoi says Hakuryu-5 joint operation with Russia will now run until September 15
• Coastguard vessels from China and Vietnam continue vigil on disputed reef

Topic | South China Sea

Teddy Ng

Published: 1:35pm, 26 Jul, 2019

Updated: 10:41pm, 26 Jul, 2019


Vietnam said it has extended the work schedule of an oil rig on Vanguard Bank, showing no sign of backing down from a confrontation with Beijing over drilling operations in the South China Sea.

The Vietnamese foreign ministry said it would protect its sovereign rights as the stand-off between Hanoi and Beijing entered its fourth week.

A notice issued on Thursday by the Southern Vietnam Maritime Safety Assurance Corporation said the Hakuryu-5 rig’s operations – a joint venture with Russia – would be extended from July 30 until September 15, Vietnamese newspaper Tuoi Trereported.


The notice also urged vessels to stay away from the rig as a matter of safety.

China’s foreign ministry spokeswoman Hua Chunying said on Friday that Vietnam had been violating China’s sovereign rights to Vanguard Bank since May.

“China has already expressed its stance and is keeping in touch with the Vietnamese side,” she told a press conference. “We call on Vietnam to properly handle the incident.”

Hakuryu-5, which belongs to the Tokyo-based Japan Drilling Company, was hired by Russian state-owned oil company Rosneft to look for oil and gas in Vanguard Bank, the westernmost reef in the resource-rich Spratly Islands. Its operations began on May 15.

https://www.google.com/amp/s/amp.sc...ea-vietnam-extends-operation-oil-rig-vanguard

Why is an american prostitute posting in this thread? Tell your murican master that Russia and China will always be allies, at least murica still have tiny vietnam that is willing to be used 24/7 lol.

 

[Piotr]

Putin and Xi See Mutual Support Amid Pandemic as Proof of Special Bilateral Ties - Moscow

15:10 GMT 16.04.2020(updated 15:43 GMT 16.04.2020)

Earlier in the day, the Kremlin stated that the Russian president and his Chinese counterpart had held a telephone conversation.

Russian President Vladimir Putin and Chinese President Xi Jinping believe that their mutual support in the fight against COVID-19 is evidence of the special nature of the Russia-China partnership, the Kremlin said on Thursday.

Putin praised Beijing's effective actions to stabilise the epidemiological situation during the coronavirus epidemic, the Kremlin added.

"In the course of a thorough exchange of views on the situation around the coronavirus pandemic, it was emphasised that mutual support in the fight against this global threat is more convincing evidence of the special nature of the Russian-Chinese comprehensive strategic partnership", the statement says.
Putin and Xi reaffirmed their commitment to cooperation, including through the exchange of experts and the supply of medical equipment, the Kremlin said.

China’s Central Television, in the meantime, quoted President Xi as saying that the growth of the country’s trade with Russia was particularly valuable in the context of a global economic downturn. According to Chinese customs, Russia-China trade increased by 3.4 percent to $25.4 billion in the first quarter of 2020.

Earlier this month, Moscow and Beijing agreed on a new deal that would see China supply Russia with 1.05 million protective suits and 80 million medical masks to combat COVID-19.

Similar humanitarian aid was provided by Russia to China when the latter was the epicentre of the world’s COVID-19 outbreak in February.

https://sputniknews.com/world/20200...-as-proof-of-special-bilateral-ties---moscow/

 

[FuturePAF]

Where China & Russia meet: Cross-border railway bridge over Amur River nearing completion
Published time: 19 Mar, 2019 10:12

The two parts of the long-awaited railway bridge linking Russia and China across the Amur River, will be connected on March 20-23, according to the project’s chief engineer Li Huachao.

The 2,209-meter-long (1.4 miles) structure will link Russia’s Far East with China’s northernmost Heilongjiang province. The Nizhneleninskoe (Jewish Autonomous Region) to Tongjiang (Heilongjiang province) bridge will become the first railway bridge between the two countries. China has already completed the construction of its part.

ALSO ON RT.COM Cross-border bridge connecting Russia & China to open in 2020

“It is expected that Russia will complete the installation of the last steel beam with a length of 132 meters on March 20-23, which will officially mark the linkage of the two sides of the bridge,” said the engineer.

He added that full completion of the cross-border bridge (railway and highway parts) is scheduled for July. It is expected to be commissioned in 2019.

© skmost.com

Russia plans to export iron ore, coal, mineral fertilizers, lumber, and other goods via the link to China. Construction of the cross-border bridge officially started in 2016, following 28 years of negotiations between the two countries.

The new bridge and its corresponding infrastructure will cost more than $300 million and will be 20km (12.5 miles) long. Some 6.5km (4 miles) of the bridge and road junctions will lie in China, and the remaining 13.5km (8.5 miles) in Russia, according to China’s CNS agency. The length of the main suspension bridge will be roughly 1,300 meters (0.8 miles) and its width 14.5 meters.

The highway section of the bridge will be ready for traffic this year. Traffic capacity is expected to exceed three million tons of cargo and be used by 1.48 million people a year by 2020. It will greatly facilitate trade between the two countries, since the route will be roughly 3,500km (2,175 miles) shorter.


Where China & Russia meet: Cross-border railway bridge over Amur River nearing completion — RT Business News

---#####---​

From weibo account of China National Radio,

Today 12:20

In the early hour of this morning, the construction workers of the Russian construction site of the Tongjiang-Russia Railway Bridge successfully hoisted the last piece of the 132-meter span to the 4# pier position, connecting the steel beam of the Chinese section, this mark the milestone that Tongjiang-Russia Railway bridge was completed across the entire line and laid the foundation for operation within this year. The Tongjiang-Russia Railway Bridge Project is located in Haruka Island, Tongjiang City, Jiamusi City. It faces the Ningskoye River in the Russian Jewish Autonomous Region. The total length of the line in China is 31.62 kilometers. The Tongjiang-China-Russia Cross-Rail Railway Bridge, as the first railway bridge between China and Russia, is an important cooperation project between the "Belt and Road" initiative and the Eurasian Economic Union. After the completion of the bridge, the annual cargo handling capacity will be 21 million tons, which will become an important new port channel for promoting the cooperation between the Northeast China Revitalization Plan and the Russian Far East Development Plan. It is of great significance and far-reaching impact. (Yangguang reporter Guo Wei)

Has Russia and China ever considered linking the Amur River; which flows into the sea of Okotsk (which is deep enough, even up at 300 miles inland to launch SSN from the Amur shipyard, despite the muddy water, since the ‘80s) with the Bohai sea? It would solve China first and second island chain dilemma and earn Russia transit income.

 

[JSCh]

Has Russia and China ever considered linking the Amur River; which flows into the sea of Okotsk (which is deep enough, even up at 300 miles inland to launch SSN from the Amur shipyard, despite the muddy water, since the ‘80s) with the Bohai sea? It would solve China first and second island chain dilemma and earn Russia transit income.

Not from what I am aware, this is the first time I ever heard about the idea.

That area used to be part of Qing dynasty and was ceded to Russia, and is political sensitive to some people in China.

FYI, China has the right of navigation to that section of Amur river by treaty but it is frozen for at least half of the year.

 

[FuturePAF]

Not from what I am aware, this is the first time I ever heard about the idea.

That area used to be part of Qing dynasty and was ceded to Russia, and is political sensitive to some people in China.

FYI, China has the right of navigation to that section of Amur river by treaty but it is frozen for at least half of the year.

Currently the Amur isn’t linked with the Bohai sea; it would require a new canal (to link up existing rivers, as well as riverine icebreakers (due to icing issue you mentioned)

Maybe its the politics on both sides that has prevented it from happening in the past, but perhaps they are considering it, as both countries would benefit under the current pressures aligned against both nations.

Putin has been mentioning something about Canals and China a few months ago. Perhaps this is it? Or maybe Putin meant something else, either way, Russia wants to promote the Arctic Route and this could really jump start those efforts.

 

[Piotr]

Putin saying no to 'China threat theory' shows his grand wisdom: Global Times editorial
By Global Times
Published: Dec 03, 2021 01:38 AM

Russian President Vladimir Putin refuted on Tuesday during a videoconference the "China threat theory" from various angles. He said Russia is not worried about the topics hyped by the West, such as China's growing military strength, including the development of hypersonic weapons, and modernizing its nuclear arsenal. Putin believes China has the right to do so. He also praised the "unprecedentedly high level of bilateral ties" between China and Russia, noting Russia will not adjust its China policy based on the interests of a third party.

Putin's remarks have echoed positively in China. It is believed that Putin's resolute attitude toward China has a wide popular base in Russia. It is fortunate for both countries and the world that China and Russia are cooperating at the best level of their relationship in history. As Putin put it, China-Russia relations are vital to keeping world peace and stability.

In recent years, many forces in the US and the West want to drive a wedge between China and Russia. They have focused on Moscow in an attempt to make a breakthrough from it. In the eyes of those forces, China and its power are growing rapidly, and since China and Russia are land neighbors with long national borders and complex historical relations, Moscow's strategic doubts about Beijing can be ignited easily. But these forces have failed every time.

The strategic guidance of the Chinese and Russian heads of state has played its due role in the stable development of the mutual relations. So has Moscow's strategic sobriety. The US and the West have never been truly friendly to Russia since the end of the Cold War. They have always regarded Russia as an outsider and have a strategic goal of further weakening it. They are full of their insidious and selfish calculations when trying to inculcate in Russia the "China threat theory." They are trying to replace Russia's strategic cooperation with China with mutual strategic attrition between the two countries.

The US' approaches to containing both Russia and China are very similar: To incite as many neighboring countries as possible to confront the two countries. As for relations between Beijing and Moscow, Washington wants to pit the two countries against each other.

It is way too easy to find a reason for Asian countries as well as for China and Russia to confront each other: It could simply take the sovereignty dispute over a small island. And there are many disputes in history, too. For example, it is Japan that has historically invaded China, but now it says it feels strongly about the "China threat." China has advocated shelving differences over the Diaoyu Islands, but Japan just did not want to do so, resulting in the issue on the islands being turned into the focus in the bilateral relations.

Moscow has firmly rejected the "China threat theory," while being open and frank with Beijing. This has made the two countries "not allies but better than allies" in a complex international environment and led to a huge gain in national interests of both countries. The demonstration of China-Russia relations is at the same time the best negation of the "China threat theory."

Some say that even though some countries in the region are dancing to the tune of the "China threat theory" and have suffered losses in the direction of China, they have been compensated for their interests in the direction of the US. We would like to point out that such a calculation is wrong. For instance, Japan has lost its strategic leverage against the US precisely because of its opposition to China. Now, it can only deepen its dependence on the US.

At a time when China is already the No.1 trading partner of almost all regional countries, it is no longer possible for the US to compensate those who are in a bad relationship with China. All those verbal approvals and promised security guarantees can bring nothing but psychological comfort, and whoever confronts China will only suffer the consequences. The result of the confrontation with Russia is the same.

No matter where the "China threat theory" is hyped, it will be poisonous. The DNA of Chinese civilization is not aggressive, never. One must have been misled if he feels a "threat" rather than an opportunity from a powerful China, especially when his sense of being threatened is deep-rooted. If one walks down the path paved by the "China threat theory," he is bound to suffer losses.

Putin has displayed his grand wisdom by not accepting this hype of "China threat." Russia has extremely rich geopolitical experience, and its denial of such a "theory" is worth further thought and calculation.

https://www.globaltimes.cn/page/202112/1240572.shtml

 

[aziqbal]

Putin saying no to 'China threat theory' shows his grand wisdom: Global Times editorial
By Global Times
Published: Dec 03, 2021 01:38 AM
View attachment 798644

Russian President Vladimir Putin refuted on Tuesday during a videoconference the "China threat theory" from various angles. He said Russia is not worried about the topics hyped by the West, such as China's growing military strength, including the development of hypersonic weapons, and modernizing its nuclear arsenal. Putin believes China has the right to do so. He also praised the "unprecedentedly high level of bilateral ties" between China and Russia, noting Russia will not adjust its China policy based on the interests of a third party.

Putin's remarks have echoed positively in China. It is believed that Putin's resolute attitude toward China has a wide popular base in Russia. It is fortunate for both countries and the world that China and Russia are cooperating at the best level of their relationship in history. As Putin put it, China-Russia relations are vital to keeping world peace and stability.

In recent years, many forces in the US and the West want to drive a wedge between China and Russia. They have focused on Moscow in an attempt to make a breakthrough from it. In the eyes of those forces, China and its power are growing rapidly, and since China and Russia are land neighbors with long national borders and complex historical relations, Moscow's strategic doubts about Beijing can be ignited easily. But these forces have failed every time.

The strategic guidance of the Chinese and Russian heads of state has played its due role in the stable development of the mutual relations. So has Moscow's strategic sobriety. The US and the West have never been truly friendly to Russia since the end of the Cold War. They have always regarded Russia as an outsider and have a strategic goal of further weakening it. They are full of their insidious and selfish calculations when trying to inculcate in Russia the "China threat theory." They are trying to replace Russia's strategic cooperation with China with mutual strategic attrition between the two countries.

The US' approaches to containing both Russia and China are very similar: To incite as many neighboring countries as possible to confront the two countries. As for relations between Beijing and Moscow, Washington wants to pit the two countries against each other.

It is way too easy to find a reason for Asian countries as well as for China and Russia to confront each other: It could simply take the sovereignty dispute over a small island. And there are many disputes in history, too. For example, it is Japan that has historically invaded China, but now it says it feels strongly about the "China threat." China has advocated shelving differences over the Diaoyu Islands, but Japan just did not want to do so, resulting in the issue on the islands being turned into the focus in the bilateral relations.

Moscow has firmly rejected the "China threat theory," while being open and frank with Beijing. This has made the two countries "not allies but better than allies" in a complex international environment and led to a huge gain in national interests of both countries. The demonstration of China-Russia relations is at the same time the best negation of the "China threat theory."

Some say that even though some countries in the region are dancing to the tune of the "China threat theory" and have suffered losses in the direction of China, they have been compensated for their interests in the direction of the US. We would like to point out that such a calculation is wrong. For instance, Japan has lost its strategic leverage against the US precisely because of its opposition to China. Now, it can only deepen its dependence on the US.

At a time when China is already the No.1 trading partner of almost all regional countries, it is no longer possible for the US to compensate those who are in a bad relationship with China. All those verbal approvals and promised security guarantees can bring nothing but psychological comfort, and whoever confronts China will only suffer the consequences. The result of the confrontation with Russia is the same.

No matter where the "China threat theory" is hyped, it will be poisonous. The DNA of Chinese civilization is not aggressive, never. One must have been misled if he feels a "threat" rather than an opportunity from a powerful China, especially when his sense of being threatened is deep-rooted. If one walks down the path paved by the "China threat theory," he is bound to suffer losses.

Putin has displayed his grand wisdom by not accepting this hype of "China threat." Russia has extremely rich geopolitical experience, and its denial of such a "theory" is worth further thought and calculation.

https://www.globaltimes.cn/page/202112/1240572.shtml

Russia and China are single party authoritarian regimes and most free people of the World do not relate to either

both kill their own journalists in very gruesome ways and spend alot of money spying and killing their own painters, artists and piano players and most recently it seems even female tennis players too

both nations are only friends because no one else wants them

infact Russia has played China in many military deals and China is too stupid to even notice

Russia is cornered and desperate they have no money due to sanctions and now they are cheering China to get some cash

China is too stupid to know it and jumping up and down like a monkey on a hot surface saying yeah yeah yeah Russia needs us and they are our friends

best part is both will probably kill each other and make West work much easier

 

[Piotr]

Russia and China are single party authoritarian regimes (...)

You are spreading lies. In State Duma of Russia there are currently 8 parties (United Russia, Communist Party, SRZP, LDPR, New People, Party of Growth, Civic Platform, Rodina)

In Chinese People's Political Consultative Conference there are 9 parties (Chinese Communist Party, Revolutionary Committee of the Kuomintang, China Democratic League, China National Democratic Construction Association, China Association for Promoting Democracy, Chinese Peasants' and Workers' Democratic Party, China Zhi Gong Party, Jiusan Society, Taiwan Democratic Self-Government League)

It is England that is single Windsor regime. Unelected Elizabeth Windsor is head of state in England. Putin and Xi are elected leaders.

(...) and most free people of the World do not relate to either

Said Elizabeth Windsor’s subject. Under the reign of Elizabeth Windsor England established death camps in Africa.

both kill their own journalists in very gruesome ways and spend alot of money spying and killing their own painters, artists and piano players and most recently it seems even female tennis players too

Prove it if you can.

both nations are only friends because no one else wants them

You should better worry about your Windsors.

infact Russia has played China in many military deals

Name that many military deals.

(...) and China is too stupid to even notice

Much smarter than you.

Russia is cornered and desperate they have no money due to sanctions and now they are cheering China to get some cash

You are spreading lies again. Foreing exchange reserves of Russia are worth 619800 million USD, (fifth highest in the World), while foreing exchange reserves of Windsorland are worth 229943 million USD (16th highest in the World). External debt of Russia is 3700 USD per capita, external debt of Windsorland is 127000 USD that is by 2 orders of magnitude higher than that of Russia.
So you are factually wrong

best part is both will probably kill each other and make West work much easier

If wishes were horses beggars would ride.

 

[Piotr]

Kremlin reveals new independent Russian-Chinese financial systems
15 Dec, 2021 11:20

Russian President Vladimir Putin attends a meeting with Chinese President Xi Jinping via teleconference call at the Novo-Ogaryovo state residence outside Moscow, Russia. © Sputnik / Mikhail Metzel


By Layla Guest
Russia and China will develop shared financial structures to enable them to deepen economic ties in a way that foreign states will be unable to influence, the Kremlin has announced following talks between the countries’ leaders.
The move appears to be a response to a series of warnings that Western nations could push to disconnect Russia from the Brussels-based SWIFT financial system as a form of sanctions.
The payment platform underpins the vast majority of international transactions. During the talks on Wednesday, Russian President Vladimir Putin and his Chinese counterpart Xi Jinping called for increasing the share of national currencies in mutual settlements and expanding cooperation to provide Russian and Chinese investors with access to stock markets, said Yuri Ushakov, Putin’s foreign policy advisor.
Ushakov said “particular attention was paid to the need to intensify efforts to form an independent financial infrastructure to service trade operations between Russia and China.”
“We mean creating an infrastructure that cannot be influenced by third countries,” the Kremlin aide added.
Ahead of the video summit, Kremlin Press Secretary Dmitry Peskov hinted that economic discussions were likely to be on the agenda for the two heads of state.
Both Russia and China are said to be increasingly looking to move away from using the US dollar as the main currency of international trade, instead using their own denominations to underpin the booming volume of Moscow-Beijing trade.
Last week, US Under Secretary of State Victoria Nuland said that the White House, along with a number of Western European nations, was mulling completely isolating Moscow from the global financial system should Russian troops dare to invade Ukraine.


ust the day before, Bloomberg had suggested that Washington could target the country’s major banks and even disconnect Moscow from the SWIFT network.

At the end of November, the boss of Russia’s state-run oil giant Rosneft, Igor Sechin, accused Washington of manipulating the dollar to further its own interests and said the currency was losing its appeal due to the US Federal Reserve’s policy of quantitative easing – essentially flooding the global economy with an excess supply of money.

Earlier this year, Russian Foreign Minister Sergey Lavrov suggested that Beijing and Washington “need to move away from the use of Western-controlled international payment systems.” The top diplomat also accused the US of seeking “to limit the technological development opportunities of both the Russian Federation and the People’s Republic of China.”

https://www.rt.com/russia/543258-moscow-china-create-independent-structure/

No more Anglosaxon threats.

 

[Beidou2020]

Kremlin reveals new independent Russian-Chinese financial systems
15 Dec, 2021 11:20

View attachment 801216
Russian President Vladimir Putin attends a meeting with Chinese President Xi Jinping via teleconference call at the Novo-Ogaryovo state residence outside Moscow, Russia. © Sputnik / Mikhail Metzel


By Layla Guest
Russia and China will develop shared financial structures to enable them to deepen economic ties in a way that foreign states will be unable to influence, the Kremlin has announced following talks between the countries’ leaders.
The move appears to be a response to a series of warnings that Western nations could push to disconnect Russia from the Brussels-based SWIFT financial system as a form of sanctions.
The payment platform underpins the vast majority of international transactions. During the talks on Wednesday, Russian President Vladimir Putin and his Chinese counterpart Xi Jinping called for increasing the share of national currencies in mutual settlements and expanding cooperation to provide Russian and Chinese investors with access to stock markets, said Yuri Ushakov, Putin’s foreign policy advisor.
Ushakov said “particular attention was paid to the need to intensify efforts to form an independent financial infrastructure to service trade operations between Russia and China.”
“We mean creating an infrastructure that cannot be influenced by third countries,” the Kremlin aide added.
Ahead of the video summit, Kremlin Press Secretary Dmitry Peskov hinted that economic discussions were likely to be on the agenda for the two heads of state.
Both Russia and China are said to be increasingly looking to move away from using the US dollar as the main currency of international trade, instead using their own denominations to underpin the booming volume of Moscow-Beijing trade.
Last week, US Under Secretary of State Victoria Nuland said that the White House, along with a number of Western European nations, was mulling completely isolating Moscow from the global financial system should Russian troops dare to invade Ukraine.


ust the day before, Bloomberg had suggested that Washington could target the country’s major banks and even disconnect Moscow from the SWIFT network.

At the end of November, the boss of Russia’s state-run oil giant Rosneft, Igor Sechin, accused Washington of manipulating the dollar to further its own interests and said the currency was losing its appeal due to the US Federal Reserve’s policy of quantitative easing – essentially flooding the global economy with an excess supply of money.

Earlier this year, Russian Foreign Minister Sergey Lavrov suggested that Beijing and Washington “need to move away from the use of Western-controlled international payment systems.” The top diplomat also accused the US of seeking “to limit the technological development opportunities of both the Russian Federation and the People’s Republic of China.”

https://www.rt.com/russia/543258-moscow-china-create-independent-structure/

No more Anglosaxon threats.

China already has the yuan payment clearing system (CIPS) to replace the dollar payment clearing system (CHIPS).

In addition to yuan payment clearing, the CIPS has the ability to do financial messaging too. This means no need for SWIFT financial messaging service.

 

[Shotgunner51]

https://twitter.com/x/status/1471045109688979462