Relations between Russia and China have reached an “unprecedentedly high level,” Russian President Vladimir Putin said on Saturday, highlighting both the economic and strategic dimensions of the partnership.
In an interview with China’s Xinhua news agency, Putin noted that bilateral trade has grown by nearly $100 billion since 2021. “China is undoubtedly Russia’s leading trading partner, while Russia has become China’s fifth-largest foreign partner over the past year,” he said.
He added that although trade is measured in dollars, transactions are now “almost entirely in national currencies,” with the dollar and euro shares falling “to statistical error levels.”
Putin also stressed that Russia remains China’s main supplier of oil and gas. Gas deliveries via the Power of Siberia pipeline have exceeded 100 billion cubic metres since it began operations in 2019. The planned completion of the Far Eastern gas pipeline in 2027 will further strengthen Moscow’s role as a key market for Chinese car exports and energy demands.
Beyond economics, Putin underlined the strategic dimension of the relationship, calling Russia–China cooperation “a key factor in global politics.” He pointed to joint work at the UN and the Group of Friends in Defence of the UN Charter as platforms to strengthen the Global South.
Both nations support reforms to make the UN Security Council more democratic and reflective of current realities, with greater representation from Asia, Africa and Latin America. Putin also noted active cooperation with China within BRICS to enhance Beijing’s influence in the international system.
The Russian president criticised Western sanctions, describing them as discriminatory, and called for reforms to the IMF and World Bank. He outlined a shared vision with China for a “fair, open and resilient new financial system” free from neocolonial purposes.
Putin’s four-day visit to China will begin on Sunday at the invitation of President Xi Jinping. He will first attend the Shanghai Cooperation Organisation summit in Tianjin, then travel to Beijing to take part in events marking the 80th anniversary of the victory over militarist Japan and the end of the Second World War, where he will be a guest of honour.
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China’s largest city and global financial hub, Shanghai, has set a new heat record, state media reported on Saturday. Temperatures in the city exceeded 35°C (95°F) for 25 consecutive days, breaking the previous record set in 1926.
Indian Prime Minister Narendra Modi arrived in Japan on Thursday to meet his Japanese counterpart, Shigeru Ishiba, with trade and security high on the agenda.
Spain has condemned the U.S. decision to revoke visas for Palestinian President Mahmoud Abbas and 80 other officials, calling it “unacceptable” and urging the European Union to take a leading role in defending Palestinian representation at the UN.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Türkiye on Saturday marked the 103rd anniversary of Victory Day, with President Recep Tayyip Erdogan hailing it as a symbol of the nation’s struggle for independence, resilience and freedom.
President of Azerbaijan Ilham Aliyev has arrived in China at the invitation of Chinese President Xi Jinping for a working visit on 30 August.
Brazilian President Luiz Inácio Lula da Silva said on Friday that his government is considering reciprocal tariffs on U.S. goods after Washington imposed a 50% duty on Brazilian imports earlier this month.
Türkiye has decided to bar Israeli vessels from using its ports, forbid Turkish ships from using Israeli ports and impose restrictions on planes entering Turkish airspace, Foreign Minister Hakan Fidan said on Friday(August 29).
Russia has supported Azerbaijan and Armenia’s decision to dissolve the Organization for Security and Co-operation in Europe (OSCE) Minsk Group, stating that the structure will be terminated by the end of 2025.
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