The Prague Post - Key takeaways from Putin-Xi meeting

EUR -
AED 4.189623
AFN 75.859613
ALL 93.725503
AMD 416.913444
AOA 1046.691244
ARS 1685.85222
AUD 1.631279
AWG 2.053459
AZN 1.936001
BAM 1.956332
BBD 2.297425
BDT 140.788309
BHD 0.430217
BIF 3406.626956
BMD 1.14081
BND 1.473101
BOB 12.404375
BRL 5.79543
BSD 1.14071
BTN 110.21499
BWP 15.54423
BYN 3.288095
BYR 22359.884211
BZD 2.294124
CAD 1.607077
CDF 2576.521248
CHF 0.926795
CLF 0.027113
CLP 1066.997498
CNY 7.71878
CNH 7.728209
COP 3685.000183
CRC 517.540825
CUC 1.14081
CUP 30.231476
CVE 110.295012
CZK 24.169152
DJF 203.125271
DKK 7.475469
DOP 66.398067
DZD 151.876399
EGP 58.571458
ERN 17.112156
ETB 184.110697
FJD 2.534655
FKP 0.853108
GBP 0.853431
GEL 2.989404
GGP 0.853108
GHS 13.248605
GIP 0.853108
GMD 83.279142
GNF 10008.723412
GTQ 8.701368
GYD 238.644936
HKD 8.944387
HNL 30.547312
HRK 7.53539
HTG 149.140582
HUF 363.867758
IDR 20431.914603
ILS 3.495477
IMP 0.853108
INR 110.090088
IQD 1494.306607
IRR 1568813.967359
ISK 143.000918
JEP 0.853108
JMD 181.039261
JOD 0.808803
JPY 186.03823
KES 147.643818
KGS 99.764004
KHR 4608.253924
KMF 492.829823
KRW 1688.793022
KWD 0.353697
KYD 0.950559
KZT 533.295112
LAK 25803.021102
LBP 102147.294674
LKR 383.634388
LRD 206.46618
LSL 18.798915
LTL 3.368516
LVL 0.690065
LYD 7.319992
MAD 10.708914
MDL 20.058458
MGA 4867.324418
MKD 61.596761
MMK 2394.958199
MNT 4094.381569
MOP 9.212007
MRU 45.5694
MUR 53.949034
MVR 17.625327
MWK 1977.938205
MXN 19.874669
MYR 4.662503
MZN 72.896132
NAD 18.798915
NGN 1567.233817
NIO 41.981423
NOK 10.947696
NPR 176.343984
NZD 1.960711
OMR 0.438631
PAB 1.14071
PEN 3.880556
PGK 5.103389
PHP 70.484396
PKR 316.907432
PLN 4.32998
PYG 6913.881294
QAR 4.158532
RON 5.237686
RSD 117.397347
RUB 89.407847
RWF 1678.456715
SAR 4.292409
SBD 9.211661
SCR 15.256069
SDG 685.056025
SEK 11.077908
SGD 1.473049
SLE 27.778915
SOS 651.877378
SRD 43.022812
STD 23612.472385
STN 24.506668
SVC 9.980716
SZL 18.78111
THB 38.566811
TJS 10.551271
TMT 3.992836
TND 3.376719
TRY 53.865873
TTD 7.740106
TWD 37.018192
TZS 3011.737267
UAH 51.080299
UGX 4266.160839
USD 1.14081
UYU 45.772455
UZS 13746.740541
VES 839.990689
VND 30018.714958
VUV 136.278057
WST 3.128069
XAF 656.135537
XAG 0.019234
XAU 0.000277
XCD 3.083097
XCG 2.055759
XDR 0.815986
XOF 656.135537
XPF 119.331742
YER 272.140239
ZAR 18.792336
ZMK 10268.662676
ZMW 20.959703
ZWL 367.340489
  • CMSC

    -0.0800

    21.995

    -0.36%

  • RBGPF

    0.0000

    67.35

    0%

  • CMSD

    -0.0500

    22.2

    -0.23%

  • RIO

    1.4800

    90.55

    +1.63%

  • JRI

    -0.0500

    12.93

    -0.39%

  • AZN

    4.8200

    169.34

    +2.85%

  • NGG

    -0.3900

    82.05

    -0.48%

  • BCC

    -1.5000

    74.4

    -2.02%

  • GSK

    0.7400

    50.78

    +1.46%

  • BCE

    -0.0500

    21.65

    -0.23%

  • RYCEF

    0.2000

    18.25

    +1.1%

  • BTI

    -1.0700

    61.42

    -1.74%

  • RELX

    -1.3700

    32.73

    -4.19%

  • BP

    0.7600

    42.76

    +1.78%

  • VOD

    -0.1300

    15.27

    -0.85%

Key takeaways from Putin-Xi meeting
Key takeaways from Putin-Xi meeting / Photo: Alexander KAZAKOV - POOL/AFP

Key takeaways from Putin-Xi meeting

China's President Xi Jinping and Russia's Vladimir Putin met in Beijing on Wednesday, just days after Donald Trump left the Chinese capital, seeking to underscore their close ties.

Text size:

Here are the key takeaways from the talks between the two leaders:

- Outdoing Trump -

Xi and Putin -- who have met dozens of times over the past decade -- were keen to showcase their unshakeable relations in the aftermath of Trump's visit to Beijing.

Neither leader referred to the United States directly on Wednesday, but Putin said ties were at an "unprecedentedly high level", while Xi described relations as "unyielding".

The Chinese leader also made an apparent swipe at the United States when he warned of "unilateral and hegemonic countercurrents running rampant" in the international system.

And while Trump left Beijing with few concrete announcements, Xi and Putin signed a slew of agreements on trade, media, and energy.

They also extended their treaty of "friendly cooperation" as both leaders lauded their countries' special ties.

Putin also invited Xi to visit Russia next year, and said he intended to be at November's APEC summit in Shenzhen -- which Trump has also said he will try to attend.

- Iran -

Xi told Putin that the Middle East was at a "critical juncture" and called for an "early end to the conflict", in particular to secure energy supplies.

"A comprehensive ceasefire is of utmost urgency, resuming hostilities is even more inadvisable and maintaining negotiations is particularly important," he said.

The two sides stressed the need for dialogue and negotiations, according to a joint statement released by the Kremlin.

Xi's priorities may differ from the Russian president's, however, as the pinch on crude and gas flows from the Middle East gives an opportunity to Putin to offer Russian energy sources as an alternative.

The Russian leader described the energy sector as "the locomotive of economic cooperation", adding that Russia would remain a "reliable supplier" of resources to China against the backdrop of the war.

- No pipeline breakthrough -

China is the world's top buyer of Russian fossil fuels, making it a key economic partner of Moscow, which is facing Western sanctions on oil and gas over the Ukraine war.

But the Kremlin said Wednesday that there had been no breakthrough on the proposed "Power of Siberia 2" natural gas pipeline, pushed for years by Moscow.

It would carry 50 billion cubic metres of gas a year, and help make up for the exports Russia used to send to Europe before it launched its invasion of Ukraine in 2022.

Kremlin spokesman Dmitry Peskov told Russian media on Wednesday that while the two sides had reached a "basic understanding" -- including on the route and how it will be built -- there was no "clear timeline", and "there are still some details to be worked out".

Beijing is wary of becoming over-reliant on any one country for energy and, as Russia's main economic backer, it remains in a strong position to negotiate on price.

- Ukraine -

The two sides agreed that there needed to be a solution to the "root causes" of the Ukraine conflict, while supporting "the search for a solution through dialogue and negotiations".

Beijing has regularly called for talks to end the war in Ukraine, but has never condemned Russia for sending in troops and continues to prop up Russia's economy with vital revenue and dual-use equipment.

Xi has stuck to this stance during talks with Trump, and now with Putin.

"The Russian side positively assesses the objective and unbiased position of the Chinese side regarding the situation in Ukraine and welcomes China's aspiration to play a constructive role in resolving the Ukrainian crisis by political and diplomatic means," the joint statement said.

H.Dolezal--TPP