Putin Pushes for Deeper Economic Ties with China, India
Beijing and New Delhi have resisted joining Western sanctions imposed on Moscow over the Ukraine conflict. Instead, they have increased their trade engagement with Russia.
The Russian president commended what he described as their “rational and pragmatic” stance.
Putin also highlighted the “many years of friendship and strategic partnership” that Russia shares with both China and India, noting that trade with these countries has “significantly grown” over the past three years.
“We are aiming at taking cooperation with the People’s Republic of China and the Republic of India to a whole new level, including through enhancing its technological aspect,” he added.
Trade between Russia and China nearly doubled between 2020 and 2024, exceeding $240 billion last year.
In a statement last month, Russian Finance Minister Anton Siluanov revealed that the two nations have moved away from Western currencies in bilateral transactions, with most payments now made in rubles and yuan.
In addition, Moscow and Beijing recently released a joint roadmap to strengthen bilateral relations. They committed to supporting each other in areas such as agriculture, trade, environmental issues, and investment in AI and space exploration.
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