EDITOR'S NOTE: Last week, Putin announced his plans to meet with China’s President Xi to discuss expansion with regard to their cooperative efforts. This shouldn’t be much of a surprise as both nations comprise the counterweight to the West’s global unipolarity and America’s monetary hegemony. The nature of the meeting will likely concern both economic and military matters, from plans for a new gas pipeline to China to Russia’s support in the former’s efforts to pressure and eventually reclaim Taiwan. Nevertheless, it’s important to pay attention to any developments taking place on that side of the world as almost every move they make to secure their global advantage has a deeply negative correlation to the West. And it’s also interesting to note, strictly from a monetary standpoint, the role that gold plays in their efforts toward global economic expansion. What we’re potentially witnessing here is a slow-motion train crash in the west. And the dollars that make up the largest percentage of American wealth happen to comprise the main casualty of their maneuvers.
In televised remarks at an economic conference in the far eastern Russian city of Vladivostok, Mr. Putin said he hoped to see Mr. Xi “soon,” at a gathering of Asian leaders in Uzbekistan on Sept. 15 and 16.
Chinese officials did not immediately confirm that Mr. Xi would travel to Uzbekistan for the meeting of the Shanghai Cooperation Organization, an eight-nation group that also includes India, Pakistan and four Central Asian countries. But Russia’s ambassador to China described the planned session as the leaders’ “first full-fledged summit during the pandemic.”
Mr. Putin’s remarks came at the outset of a meeting that included Li Zhanshu, the head of the Chinese legislature and the third-highest-ranking member of the Chinese Communist Party.
The severing of economic ties with Western countries after its invasion of Ukraine has pushed Russia into a speedy reorientation of its economy toward Asia, most of all China, making any meeting with Mr. Xi particularly important.
While Beijing has not declared support for the invasion, it has echoed Kremlin talking points in describing the United States as the “main instigator” of the conflict. And it has provided Russia with much-needed economic support, both as a supplier of everything from cars to smartphones as European and American companies pull out of Russia and as a buyer of energy exports that are no longer in demand in the West.
The economic conference on Wednesday included discussions about the construction of a proposed pipeline to China that would be fed by natural gas from Siberian fields that was previously intended for European countries.
Mr. Putin said in a question-and-answer session that Moscow and Beijing had agreed on the main parameters of the new pipeline, and that he planned a separate meeting in Uzbekistan with Mr. Xi and the president of Mongolia, the country through which the proposed pipeline would pass.
“Our Chinese friends are difficult negotiators,” Mr. Putin said, adding that Moscow and Beijing had agreed to pay for the Russian gas in their currencies. “However, they are stable and reliable partners and the market is colossal.”
Russia, for its part, has offered geopolitical backing to China, including in the escalating tensions around Taiwan. And the country hosted Chinese troops for military exercises this month in far eastern Russia.
An in-person meeting between Mr. Putin and Mr. Xi — who has not left China since the start of the coronavirus pandemic in 2020 — could offer further symbolism of a Chinese-Russian alliance opposing a Western-led world order.
“This summit promises to be interesting, because it will be the first full-fledged summit during the pandemic,” Russia’s ambassador to China, Andrei Denisov, was quoted as saying on Wednesday by the Russian state-run Tass news agency.