Putin to visit Beijing this week

BEIJING – Russian President Vladimir Putin will visit China this week on the invitation of leader Xi Jinping, Beijing’s foreign ministry said Tuesday.

Analysts say Russia is increasingly dependent on China as a crucial economic lifeline since the West hit it with unprecedented sanctions over its military offensive. Trade between China and Russia has boomed since the Ukraine invasion — which Beijing has never condemned — and hit $240 billion in 2023, according to Chinese customs figures.

“Chinese banks are concerned about reputational costs as they seek to forestall major sanctions,” Elizabeth Wishnick, a Senior Research Scientist at CNA, told AFP.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Radicalized' teen shot dead by police in AustraliaDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Rescuers brave Indonesia volcano eruptions to save petsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

China’s military aggression prompt PH, US, Japan, Australia to line up more joint maritime drillsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

German army faces new questions over online securityDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

China’s military aggression prompt PH, US, Japan, Australia to line up more joint maritime drillsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Pay gap between BSP execs, public school teachers enrages party-list groupDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »