[size=32]The Russian-Chinese Summit for Washington: No monolithic polarity today- 1 Minute Ago
Chinese President Xi Jinping concluded an official visit to Moscow, during which he met with Russian President Vladimir Putin, one day before the start of the "St. Petersburg International Economic Forum", which was held with the participation of 140 countries in its 23rd edition, amidst mutual tensions with the United States. The two sides sought greater documentation of their economic relations.
An Independent Arab tried to find out the content of the meetings between the Russian and Chinese leaders behind closed doors. She spoke with Elena Sobunina, a consultant at the Russian Institute for Strategic Studies of the Putin administration, who explained in response to a press statement that " American ", asserting that" her government does not want to enter into any trade war, and does not intend to get involved in any way in the confrontation raging between Washington and Beijing. " But she pointed to "a similarity in the visions between Russia and China in relation to the US wars of trade on many countries in the world."
The Chinese president's visit came as part of his country's participation in the "St. Petersburg Forum", which was chaired by the Russian president and attended by a number of world leaders, who met under one umbrella to discuss economic and trade issues and challenges in the world. "This means," she said, "that despite existing US pressure and sanctions, Russia and China are ready to cooperate together in all economic and trade fields."
"The participation of Huawei's vice-president in the forum, and his attendance at one of its meetings, was remarkable. The company is teetering under US sanctions, but Moscow has shown willingness to cooperate not only with them, but with other companies such as Nokia to say that the logic of sanctions is unacceptable. "
Beijing, at the height of the trade war, insists on strengthening its ties with Russia in several areas, while Russian officials and companies are under US and European pressure as Moscow joins the Crimea from Ukraine. On the other hand, Russia has a reason to strengthen relations with Beijing. The volume of trade rose between the two countries by 24.5 percent to reach 108 billion dollars in 2018, due to the growth of exports of Russian energy to China of oil and gas, making Russia the largest supplier of energy to China.
At the commercial level, under China's "Belt and Road Initiative" to promote trade, China has invested about 2 billion and 580 million yuan (US $ 373 million) in building part of a bridge over the Amur River to link Hehei to Heilongjiang Province and Russian city of Blagojevskinsk From Russia to China.
At the same time, a 2169-meter-long railway project is nearing completion and is an international shipping hub linking the railway system in northeast China with its Russian counterpart in Siberia. Construction of the bridge is expected to be completed in July.
Lower than expected
But China's investment in Russia is still much lower than expected. "China's steps will be limited in compensating for the deterioration of its relations with the United States, especially as China's direct investment in Russia falls sharply in the first half of the year," said Ivan Tsilishchev, a professor at the University of Niigata University's School of Management. Year 2018, according to the Central Bank of Russia. "
"Total volume shrank by 24 percent, while in the first half of last year it was about two-thirds of what it was before the Crimean annexation, or $ 4.54 billion," he said.
He noted that "the decline of Chinese investment in Russia has caused widespread speculation in the Russian media, that Chinese companies support US sanctions against Moscow, especially in terms of slow or scattered, especially in the high-tech sector, compared to other regions of the world."
A message to Washington
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Soponana confirmed the Russian rejection of trade wars waged by US President Donald Trump managing a number of countries around the world, saying that " the meeting between the two leaders was meant to send a unified and clear message to the United States, that that Commercial wars are unacceptable, and it is no longer acceptable for the United States to be the world's dominant monopolistic power and its denial of the multipolar, with the emergence of other powers, led by Russia and China. "
"Not allowing trade wars in the world was the broad title of the output of the St. Petersburg Forum," she said. As for China, the main goal was to confront the US trade war. The Russian analyst noted that "Washington has used the weapon of sanctions against Russia, without turning it into a real trade war, although the sanctions on oil and gas pipelines and arms deals and others," excluded that the United States to enter into a trade war with her country.
Absence of an American
The United States, for its part, was keen to miss the opportunity to participate in the economic forum. Her former envoy to China and her current ambassador to Moscow, John Huntsman, attributed the absence to protest against the trial of Moscow's founder of the private equity group, Bering Vostok, Michael Calvi.
The Russian authorities have accused the US investor of embezzling nearly two and a half billion rubles (38 million dollars) from the bank of Vostoshny. This excuse has protected Washington from direct criticism of its president's policies in dealing with China or India or even with its closest allies in the EU and Japan, not to mention his threat to impose tariffs on Latin American countries almost daily.