The Lines Are Drawn – China and Russia Sign Major Economic Agreement Today
By Joe Hoft Mar. 21, 2023
FOX News reported earlier today on the signing of the economic agreement between Russia and China.
Chinese President Xi Jinping and Russian President Vladimir Putin signed an agreement to expand their economic ties during a bilateral meeting in Moscow on Tuesday.
Xi is in Moscow for a multiday series of meetings with his Russian counterpart, aimed at demonstrating the two countries’ new “friendship without limits.” Xi and Putin emphasized the importance of jointly safeguarding their countries’ energy security.
Putin touted plans for a gas pipeline from Siberia to China ahead of the meeting, saying the agreement was all-but finalized.
“We were just discussing a good project, the new Power of Siberia 2 pipeline via Mongolia. Practically all the parameters of that agreement have been finalized,” Putin told Xi at the beginning of the meeting, according to the Financial Times.
China and Russia signed this agreement while the US and the Western allies have aligned with Ukraine in the war there against Russia.
This past weekend, The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank joined forces in an agreement to help prevent or slow down an economic disaster.