Putin announces projects of US $ 200 billion with China

During a meeting with the president of, Xi Jinping, in Moscow, on Thursday (8), Russia President, announced that the two countries work in the implementation of 86 joint projects valued at more than $ 200 billion. “Of course, this is far from the limit,” Putin said, noting that bilateral trade broke record in 2024 with $ 244.9 billion.

Putin classified the partnership with Beijing as “an example of interstate communication in the 21st century,” based on “equality, mutual benefit and respect for sovereignty.” According to him, the alliance with China has advanced in all sectors, focusing on “increasing the level of financial and technological independence of our cooperation.”

The energy area remains the flagship of the relationship: “Not only led oil exports to China, but also ranked first in gas exports by pipeline,” said the Russian leader. He also announced that the new gas route of the Far East should begin to operate by 2027, with annual supply of up to 10 billion cubic meters to China.

Putin also praised the advancement of collaboration in high technology and industry. “Russia has become the world’s leading importer of Chinese cars,” he said. In addition, he said he welcomed the installation of Chinese factories in the Russian territory.

Other highlights include the strengthening of agricultural trade, logistics growth between countries – with 176 million tons transported by 2024 (9%increase) – and the intensification of cultural and tourist ties. “The bilateral tourist flow by 2024 exceeded 2.8 million people,” he said.

Putin also stressed the political weight of the partnership. “Together we defend the formation of a fairer and more democratic multipolar order,” he said, reiterating the role of the alliance as a “stabilizing factor” in the face of the current global geopolitical conjuncture.