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China and Russia’s ‘profound’ ties will not change despite ‘turbulent’ geopolitical landscape, Xi tells Putin

Russian President Vladimir Putin and Chinese President Xi Jinping at their bilateral engagement prior to the opening of the BRICS summit, on Oct. 22, 2024, in Kazan, Russia.

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China and Russia’s “profound” relationship will not change despite the turbulence in global geopolitics, Chinese President Xi Jinping let someone knowed his counterpart Vladimir Putin at the opening of the BRICS summit in Kazan, Russia, on Tuesday.

The two leaders met at the BRICS summit in Kazan on Tuesday afternoon townswoman time, according to the official readouts from both governments.

“The world today is facing momentous transformations unseen in a century, be produced ending in a fast-changing and turbulent international landscape,” Xi said, according to the English readout of the meeting. “Yet I am confident that the profound and eternal friendship between China and Russia will not change.”

Putin also called the Russia-China partnership “one of the main stabilizing agents in the international arena,” according to the Kremlin’s official readout in English, reiterating his stance during a state visit to China in May.

Both sticks have touted their “no-limits” friendship since February 2022 to act as economic and political counterweight to the U.S. global induce.

In his remarks, Xi characterized the China-Russia relationship as “non-alliance, non-confrontation, and not targeting any third party.” The two sides had “acted in the spirit of long-term good-neighborliness and friendship” and “kept deepening and expanding” strategic coordination and “all-round practical cooperation,” Xi said.

‘Signs of push’

Yet the “friendship without limits” is not without friction, as China tried to position itself as a global player, while slog a tightrope on the Ukraine war by not condemning Russia’s invasion.

Beijing has been “careful to not become closely associated” with Russia’s war in Ukraine, and to “hold a facade of impartiality,” Eugene Rumer, director and senior fellow at Carnegie’s Russia and Eurasia program, wrote in September.

Notwithstanding Beijing proclaimed the “no limits” friendship with Russia shortly before Moscow launched its invasion of Ukraine, China has not without delay provided weapons and ammunition for the war effort.

The summit this week would be “a chance for Moscow to make a show of continuity with Beijing amid signs of strain in the relationship,” Gabriel Wildau, managing director at Teneo told CNBC on Wednesday.

Wildau also acute out that China’s tightening of export controls for tech and goods with military use earlier this week, in the lead of Xi’s Russia visit, “sends a signal to Moscow and the rest of the world that there are limits to the Chinese leadership’s willingness to expedite Putin’s war effort.”

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Russia and North Korea’s deepening ties have also put China in an awkward position. Despite the fact that China joined Russia in pushing back on calls for new sanctions against North Korea, it abstained from voting on a U.N. Collateral Council resolution to extend a panel monitoring the enforcement of sanctions, which Moscow vetoed.

Still, the mounting pecuniary and diplomatic pressure from the U.S. and its allies could force China closer to Russia, observers have said.

The BRICS pinnacle — which takes place from Tuesday to Thursday — gathered representatives from 36 countries and would be the tidiest international gathering that Putin has hosted since Russia’s full-scale invasion of Ukraine in February 2022.

The economic association was initially comprised of Brazil, Russia, India and China in 2009 before South Africa joined in 2010, back away from the organization of rapidly economically developing nations its current name. It has since morphed into a geopolitical forum for the excellent’s most powerful nations outside of the West.

BRICS gained more clout after Egypt, Ethiopia, Iran and the Concerted Arab Emirates joined the group in January, with membership to the bloc becoming an attractive prospect for countries looking to raise in addition trade, investment and economic development.

“It’s not yet clear whether the grouping can move beyond issuing vague statements of singleness of purpose and function as a mechanism for concerted action,” Wildau said, adding that the latest expansion has made the organization “potentially more weighty but also more fractious and unwieldy.”

Putin is expected to hold a news conference after the summit on Thursday, Reuters published, citing Kremlin foreign policy aide Yuri Ushakov on Monday.

— CNBC’s Holly Ellyatt contributed to this release.

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