After the Russia-Ukraine war, Russia is facing comprehensive sanctions and blockades from the United States and Western countries, as well as a series of economic and political problems. Russia has reacted intelligently by turning completely non-Western and engaging in extensive energy, economic and trade cooperation with China, especially with China.
On the energy front, Russia has shifted most of its oil exports to Asia, especially China and India, despite oil sanctions from Western countries. China accounted for 90% of its oil exports to Russia, while India accounted for all oil imports in 2022, while China consumed only about half. The move not only crushed Western attempts to impose oil sanctions on Russia, but also gave Russia a secure energy market.
In terms of economy and trade, Russia quickly shifted from a major economic and trade market dominated by Europe to a focus on Asia, especially closer economic and trade ties with China. China-Russia bilateral ** will reach a new high in 2023, reaching $240 billion. The countries of the Russian Far East have also reacted to this and are vigorously promoting cooperation with China on a variety of transport routes. This indicates that the economic and trade exchanges between China and Russia are only the beginning, and the economic and trade cooperation between the two countries will achieve greater development in the future.
Russia** Putin admitted at a press conference that China frightens him more than Russia's strength. Putin is confident in China's development prospects, he has become the world's largest economy, and it is growing at a faster pace. Russia is increasingly inclined to engage in closer practical economic cooperation with China and is no longer dependent on Europe.
Putin also noted that after the end of the Russian-Ukrainian war, Russia's economy is in a better position than the United States or Europe. In stark contrast, over the past two years, Russia's overall economy has not been as bad as they expected. Such good economic performance is inseparable from the overall consideration of Russia's policy towards the East.
Russia sees Europe as its largest trading market and has shifted its entire business to Asia for two reasons. Asia has a large population, especially China, India and other countries, which brings huge business opportunities to Russia. Compared with China, Russia has given more support and support to Asian countries like China on the basis of mutual benefit. China is the second largest economic power in the world, and Russia has a strong industrial base and huge domestic demand, which gives us great prospects for development.
China and Russia have carried out extensive cooperation on the premise of equality and reciprocity. Sino-Russian economic and trade cooperation is bound to bring about changes in the world economic and trade situation and provide new opportunities for the development of China and Russia. It is also a very crucial element for Russia, as it will lead to the east and a better future. The economic complementarity of Russia and China is becoming more and more obvious, so the cooperation between the two countries must not only face external pressure, but also seek common prosperity.
Given Russia's oil reserves, China's strong manufacturing sector, and huge domestic demand, the two sides have a strong complementary role in economic and trade aspects. It's not just about energy, it's about technology, it's about infrastructure. Deepening China-US economic and trade cooperation will certainly provide new opportunities for the development of China and the EU.
The countries of the Russian Far East** have also taken action to deepen their ties with China by building various transport routes. These positive moves show that China and Russia have great confidence in future cooperation, and there is a lot of room for development in the economic and trade fields, as well as in the fields of regional and personnel exchanges.
The relations between China and Russia are bound to have a profound impact on the entire international community in the context of the development of the international economic situation. The strong gesture of cooperation between China and the United States sends a positive message to the world that instead of confrontation and isolation, it is better to create common prosperity through reciprocal dialogue and mutually beneficial cooperation.
Putin is highly optimistic about China's economic prospects, which also shows that he believes that China's development potential is far from being tapped. China is the world's second-largest economic power, and its growing spending power has given it a growing place in the world. The reason why Russia has established closer economic and trade relations with China is precisely because of its rational response to the trend of world economic development in the future.
In the face of tremendous external pressure, China and Russia have achieved coordinated development in energy, economy, geopolitics and other fields through all-round economic and trade cooperation. This has not only created a new development opportunity for China and the United States, but also given a good development prospect for all countries in the world. China and Russia are bound to make new achievements and write a new chapter in history in their future development.
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