Skip to content
Trending
August 6, 2025Opendoor tanks after earnings as CEO thanks new investors for ‘increased visibility’ April 12, 2025Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows February 23, 2025Tariffs, immigration and DOGE: What companies are saying about the impact of Trump policies on business October 19, 2025United Airlines’ summer earnings and profit outlook top estimates, but revenue falls short May 16, 2025Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost March 26, 2025China’s artificial intelligence boom might help mitigate some tariff pain September 21, 2025Big Tech companies, foreign governments scramble after Trump slaps $100,000 fee on H-1B visas August 25, 2025Target shares tumble as retailer picks new CEO, says sales fell again July 29, 2025JPMorgan Chase is nearing a deal to replace Goldman Sachs as Apple Card issuer, sources say May 22, 2025We’re upgrading TJ Maxx’s parent company as the stock falls on earnings
  Wednesday 8 April 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Economy  Russia looks to cosy up with China after Trump’s meeting with Xi
Economy

Russia looks to cosy up with China after Trump’s meeting with Xi

AdminAdmin—November 3, 20250

In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the airport of Hangzhou on November 3, 2025.

Dmitry Astakhov | Afp | Getty Images

Russian officials appeared eager Monday to reaffiirm Moscow’s alliance with China following U.S. President Donald Trump’s high-profile meeting with Xi Jinping.

Hot on the heels of Trump’s talks with Xi last week, which the U.S. president described as “amazing,” Russia has now sent a large delegation of its own to China for deal-making and talks.

Russia’s Prime Minister Mikhail Mishustin arrived in Hangzhou on Monday for two-day talks with his Chinese counterpart, Li Qiang, with the officials signing a range of agreements, Russian state media reported, to deepen cooperation in the fields of trade, investment, energy, transport, agriculture and space.

Calling his Chinese counterpart his “dear friend,” Mishustin said in comments reported by Russian state news agency Ria Novosti, that relations between Russia and China were “at their highest level in their centuries-long history and continue to develop dynamically in all areas, despite various obstacles and illegal Western sanctions.”

For his part, Li Qiang said Beijing was ready to strengthen cooperation with Russia despite obstacles, although he did not specify what he was referring to.

“Despite new external risks and challenges in this process, China and Russia always support each other, build strategic contacts and interactions, and strive to jointly overcome difficulties,” he said, TASS reported. He added that the partnership “demonstrates that China and Russia are good neighbors and reliable partners who can always trust each other.”

More stories

Retail sales fell 0.9% in May, worse than expected as consumers pulled back

June 17, 2025

Here’s where the economy is starting to show ‘K-shaped’ bifurcation

October 26, 2025

Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence

July 22, 2025

The EU-U.S. trade deal could have one unexpected winner: The UK

July 29, 2025

China is Russia’s most important and powerful international ally, with Beijing having refused to condemn Moscow’s invasion of Ukraine in 2022 and the ongoing war, echoing Russia’s rhetoric by calling the war a “crisis.”

Just ahead of its invasion of Ukraine, Putin and Xi signed a “no limits” partnership and Russia has looked to leverage that alliance both in terms of geopolitical support and trade partnerships, to lessen the impact of Western sanctions which have curtailed its energy export market.

Chinese President Xi Jinping welcomes Russian President Vladimir Putin during a ceremony at the Shanghai Cooperation Organisation (SCO) summit in Tianjin, China August 31, 2025.

Alexander Kazakov | Via Reuters

Ahead of this week’s trip, the Kremlin said it placed “very great” importance on the talks and it has certainly looked to reflect that in the delegation sent to Asia, with Mishustin accompanied by a range of top officials including his deputies and ministers of finance, agriculture, transport, economic development and trade.

Space and nuclear energy officials were also in tow, with the director general of Roscosmos and head of Rosatom joining the delegation.

Perfect timing?

Russian officials’ two-day visit to China comes just days after Trump’s high-profile meeting with Chinese President Xi last week in which he said the leaders had reached “agreement on many issues.” Xi, meanwhile, said Beijing and Washington should be “partners and friends.”

In what was widely seen as a “trade truce” after months of escalating tensions over tariffs and counter-tariffs, Trump said he reached a 1-year agreement with China on rare earth supplies and he also cut fentanyl-linked tariffs on Beijing by half, taking overall duties on Chinese goods down to 47%.

U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025.

Evelyn Hockstein | Reuters

Moscow did not publicly comment on the meeting and was likely uncomfortable at the sight of its longtime ally China holding seemingly constructive (and reconstructive) talks with the U.S., with whom it has seen a sharp deterioration of relations in recent weeks.

Trump pulled out of in-person talks that were due to take place with Russian President Vladimir Putin, saying he did not want to “have a wasted meeting,” signaling his frustration with Moscow over a lack of movement on the Ukraine war.

Trump added that the summit had been canceled because “every time I speak to Vladimir, I have good conversations and then they don’t go anywhere.”

Russia was non-plussed by the cancelation, with senior Russian officials blaming Western media and “fake news” for the jettisoned talks.

Reddit stock jumps 7% after showing strong advertising and user growth
Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol
Related posts
  • Related posts
  • More from author
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Economy

Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend

December 16, 20250
Load more
Read also
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions