Recent agreements between Beijing and Moscow offer limited relief as Western sanctions tighten Russia’s energy revenue dependence on China.
A summit between Chinese President Xi Jinping and Russian President Vladimir Putin concluded on 20 May with new economic and trade deals, but analysts say the agreements do little to alleviate Russia’s growing reliance on China for energy exports. The joint declaration included 47 pages of rhetoric opposing U.S.-led global dominance, yet lacked concrete measures to offset Western sanctions.