Putin's visit to Beijing underscores China's economic and diplomatic support for Russia

Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands after speaking to the media during a signing ceremony following their talks at The Grand Kremlin Palace, in Moscow, Russia, March 21, 2023. Russian President Putin is expected …TAIPEI, Taiwan — Russian President Vladimir Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine.

The Russian leader will be among the highest profile guests at a gathering marking the 10th anniversary of Xi’s announcement of the BRI policy, which has laden countries such as Zambia and Sri Lanka with heavy debt after they signed contracts with Chinese companies to build roads, airports and other public works they could not otherwise afford.

Beijing and Moscow have financial ties in energy, high-tech and financial industries. China has also grown in importance as an export destination for Moscow. “It’s the major market for Russian commodities, it’s a country that provides its currency and payment system to settle Russia’s trade with the outside world - with China itself, but also with many other countries, and is also the major source of sophisticated technological imports, including dual-use goods that go into the Russian military machine.”

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