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Putin Lauds "Exemplary" Russia-China Ties

(MENAFN) Russian President Vladimir Putin lauded his nation's "exemplary" relations with Beijing during a video summit with Chinese counterpart Xi Jinping on Wednesday.

The two leaders engaged in nearly 90 minutes of discussions, addressing US-backed peace negotiations between Russia and Ukraine alongside developments involving Iran, Venezuela, and Cuba.

"The Russian-Chinese comprehensive partnership and strategic interaction is exemplary," Putin stated, according to the Kremlin.

Putin emphasized the substantial economic and energy connections between both powers, noting that bilateral trade turnover has stabilized at a consistently high level, exceeding $200 billion annually. He further underscored Russia's status as a premier energy resource supplier to the Asian nation.

Putin pledged Xi unwavering backing for all collaborative initiatives to guarantee the sovereignty and security of the two countries, their economic prosperity, and their right to choose their own path of development.

After Western sanctions targeting Russia over Ukraine took effect, Moscow rechanneled the majority of its energy exports toward Asia, including China, and expedited the transition to utilizing their national currencies in commerce. Last November, the Russian Finance Ministry reported 99.1% of trade between Moscow and Beijing had already shifted to rubles and yuan to reduce reliance on Western financial institutions.

China and Russia should work together to maintain global strategic stability amid an increasingly turbulent international situation, Xi Jinping stated, as cited by media.

The positions of Moscow and Beijing are aligned on many issues, according to Putin aide Yury Ushakov. Their stance on Iran and Venezuela is grounded in a shared commitment to the principles enshrined in the UN Charter, particularly state sovereignty and non-interference in internal affairs. They jointly oppose unilateral sanctions and have condemned foreign military intervention.

As permanent members of the UN Security Council, China and Russia have the obligation to encourage the international community to uphold fairness and justice, defend the UN-centered international system and uphold international law, the Chinese leader stated.

Xi invited Putin to visit China this year, and the Russian president accepted the invitation, Ushakov added. He said the two leaders have agreed to maintain close contact.

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