China’s Xi Looks to Strengthen Energy Ties with Russia

China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security, President Xi Jinping said on Tuesday, as the G7 grouping of nations prepares to impose new measures on Russia’s oil exports.
State broadcaster CCTV reported Xi’s comments, made in a message to the Fourth China-Russia energy forum.
“China is willing to work with Russia to forge a closer energy partnership, promote clean and green energy development and jointly maintain international energy security and the stability of industry supply chains,” it cited the message as saying.
The meeting of businesses from the two trade partners comes amid preparations for a G7 price cap to be imposed from Dec. 5 on Russian oil, in efforts to curb Moscow’s ability to fund its invasion of Ukraine.

About Parvin Faghfouri Azar

Check Also

Germany’s $2 Trillion Economic Miracle at Risk

Back in August 2022, repo plumbing guru Zoltan Pozsar published a fascinating chart showing how …

Leave a Reply

Your email address will not be published.