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The proposed western gas route from Russia's West Siberian petroleum basin to North-Western China is known as Power of Siberia 2 (Altai gas pipeline). [112] In 2022, China's imports of discounts of up to 30% oil from Russia rose 55% in May, Russia displaced Saudi Arabia as China's biggest oil provider in recent months. [113] [114]
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In September 2024, the United States Deputy Secretary of State Kurt Campbell said that China is aiding the Russian military, referring to materials given to Russia by China as ″being applied directly to the Russian war machine″. Campbell said that both governments were putting in efforts at the ″highest levels″ to hide and protect their ...
After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in international transactions and relied more on China’s yuan ...
China had long been a close ally of North Korea but also found a valuable trading partner in South Korea and eventually took a role in the early 2000s as a proponent of "six-party talks" (North Korea, South Korea, Russia, Japan, the U.S., and China) to resolve tensions on the Korean Peninsula. China was instrumental at brokering talks with ...
A spokesperson for China's foreign ministry on Tuesday said China was "firmly opposed" to the U.S. making "groundless accusations" about normal trade exchanges with Russia.
Friendshoring, or allyshoring, is the act of manufacturing and sourcing from countries that are geopolitical allies, such as members of the same trade bloc or military alliance. Some companies and governments have pursued friendshoring as a means to continue accessing international markets and supply chains while reducing geopolitical risks.
U.S. allies in Europe are concerned about the implications of Beijing’s support for Russia’s war in Ukraine and “what it means for European security in particular, and then, of course, it ...