As sanctions continue, Sino-Russian relations – in many ways a pragmatic response to Western reproach – have been steadily developing. Russia’s eastward leaning strategy, or its ‘pivot to Asia,’ is largely coming in the form of energy relations and military cooperation with China.
US and EU sanctions, an economic reality for the Kremlin since it illegally annexed Crimea, have necessitated government officials to develop ways of bypassing Western financial systems. In doing so, Russia has committed to various financial activities, such as dumping 84% of its US debt (and subsequently tripling its gold reserves), increasing international weapon sales, and initiating contracts with sovereign wealth funds throughout the Middle East. What has Western analysts most worried, however, are the strengthening ties between the Russian Federation and the People’s Republic of China (PRC).
Some defence planners and policy analysts insist underlying issues – such as growing Chinese influence in post-Soviet states, the Russian Far East, and the Arctic – will prevent meaningful cooperation between Russia and China. Former Secretary of Defense James Mattis has waved off concerns about the developing Sino-Russian relations given a “natural non-convergence of interest.” While it is true that Beijing and Moscow may hold different worldviews, and opinions about global affairs, pragmatic cooperation in the near-term is likely to continue.
Growing relations, despite questions regarding their longevity, has prompted one Chinese Academic, Su Xiaohui from the Institute of International Studies, to describe Sino-Russian relations as an example for “New Type International Relations.” Built upon shared characteristics of illiberalism, moral latitude, and realpolitik, areas of collaboration to note will include the energy sector and military cooperation.
A decade ago, all of Russia’s gas pipelines flowed West. Fast forward to the present and vast oil and gas infrastructure sprawls out toward its neighbour to the East. As a top buyer of Russian energy, joint projects to note include the China…
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About the author
Stephanie Chu is a business journalist based in Hong Kong. She has been covering the financial and economic developments in the region for over a decade, with a focus on China's role in the global market.