Xi Jinping used two days of talks in Moscow to firmly align with Russia against the US. But the Chinese leader held back from offering Vladimir Putin something he’s been looking for: A commitment to buy a lot more gas.
XI Jinping used two days of talks in Moscow to firmly align with Russia against the US. But the Chinese leader held back from offering Vladimir Putin something he’s been looking for: A commitment to buy a lot more gas.
Emphasizing that China-Russia ties “are not the kind of military-political alliance during the Cold War,” one of the joint statements issued after the talks drew a more explicit boundary than a lengthy joint statement last year that hailed a “no limits” friendship between the countries when Putin visited Beijing just weeks before the invasion.
The increasing asymmetry in the economic relationship was evident in the statements on energy. Putin promised to deliver at least 98 billion cubic meters of gas a year to China by 2030. While that’s more than six times higher than what it sold to China last year via pipeline, it’s still well below what Russia delivered to Europe at its peak.
“It’s a buyer’s market for China,” he said. “Unless Russia gives an extremely pleasant offer, China can wait as long as it wants. Additional gas from Russia is not required, especially after the lockdown-induced economic downturn.” John Kirby, a spokesman for the US National Security Council, on Tuesday tore into Xi for flying “all the way to Moscow” without first speaking with Zelenskyy.“Now look, if he’s willing to talk to President Zelenskyy and willing to get the other side and, if any future potential negotiation can incorporate Ukrainian views and perspectives,” Kirby added, “then that’s something that could be seen as impartial.
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