Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

China’s Xi reportedly backs Putin in Russia’s bid for security guarantees from the West

by
December 15, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Buying the dip on energy stocks? Wall Street pros name their top picks

Energy agency chief warns transition to renewables is off track, issues warning on stranded assets

Russia’s President Vladimir Putin sits in his office in the Novo-Ogaryovo residence during a bilateral meeting with China’s President Xi Jinping (on the video screen) via a video call.

Mikhail Metzel | TASS | Getty Images

BEIJING — Chinese President Xi Jinping and Russian President Vladimir Putin held their second dedicated video call of the year Wednesday, amid rising international concerns about tensions on the Russia-Ukraine border.

Putin won support from Xi for his push to obtain binding security guarantees for Russia from the West, a Kremlin official said, according to Reuters.

Russia wants the United States and NATO to guarantee the military alliance will not expand further eastward or deploy weapons systems in Ukraine and other countries on Russia’s border.

Putin also called Xi his “dear friend” and said relations between the two countries had reached “an unprecedentedly high level,” according to a report of the call’s opening remarks from Russian state news agency TASS.

The two leaders’ video call lasted just over an hour, from 4:07 p.m. to 5:21 p.m. Beijing time, according to Chinese state media. Few other details on the call were available as of late Wednesday Beijing time.

Xi and Putin last met in late June, also via video link. Earlier in the year, the two leaders met via video as part of a ceremony for launching a nuclear power reactor project. Putin and Xi also spoke by phone in August following the Taliban’s seizure of power in Afghanistan as the U.S. withdrew troops.

Ahead of the virtual meeting, Kremlin spokesperson Dmitry Peskov said the two leaders would discuss tensions in Europe and described the two countries as “allies,” according to Reuters.

“We see very, very aggressive rhetoric on the NATO and U.S. side, and this requires discussion between us and the Chinese,” the spokesperson said, according to the Reuters report.

Members of NATO — a powerful military alliance — vowed in June to address threats from China in addition to Russia.

In a virtual meeting with U.S. President Joe Biden last week, Putin said Washington should not allow Ukraine to join NATO in return for assurances that Russian troops would not carry out an attack.

Biden said Washington would not accept such a demand.

An attack on one member of NATO is considered an attack on all member countries. Ukraine has wanted to join the alliance since 2002, but Russia objected on grounds that such a move would be a direct threat to its borders.

It is less clear what Beijing’s position is on Ukraine. Xi spoke over the phone with Ukrainian President Volodymyr Zelensky in July, according to China’s foreign ministry.

G-7 leaders on Sunday issued a statement condemning “Russia’s military build-up and aggressive rhetoric towards Ukraine.” The U.S., Canada, France, Germany, Italy, Japan and the United Kingdom are part of the bloc of major economies.

China is not part of the G-7. The country shares a long border with Russia and much of their bilateral relationship has focused on trade, especially in energy. This year, China bought significant amounts of coal and other fuel from its northern neighbor to help ease a shortage of coal.

Xi said Wednesday that he looked forward to seeing Putin at the Olympics in Beijing, and to start a new chapter in China-Russia relations post-Covid, according to Chinese state media.

The Games are set to start in early February, and Biden has announced a diplomatic boycott, although athletes can still attend.

— CNBC’s Abigail Ng contributed to this report.

ShareTweetPin

Related Posts

Buying the dip on energy stocks? Wall Street pros name their top picks

by
March 28, 2023
0

Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks...

Energy agency chief warns transition to renewables is off track, issues warning on stranded assets

by
March 28, 2023
0

The current German coalition government is seeking to accelerate the country's transition away from fossil fuels and nuclear to renewable...

Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize

by
March 28, 2023
0

In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT Chipotle Mexican Grill has agreed to pay $240,000 to the...

Most Americans think Trump did something illegal or unethical, poll finds

by
March 28, 2023
0

Former US President Donald Trump speaks at a campaign event in Waco, Texas, US, on Saturday, March 25, 2023. Brandon...

This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead

by
March 28, 2023
0

In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT A slogan is written on the sidewalk in front of...

Next Post

Stocks making the biggest moves premarket: Toyota, Vir Biotechnology, Eli Lilly and others

Stock futures are little changed ahead of key Fed decision

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • Citigroup Reports Earnings Soon. Here’s What Wall Street Is Watching.

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com