Russia will become a 'Chinese resource colony' as the Xi Jinping-Vladimir Putin summit highlights economic dependence on Beijing

Wed, 03/22/2023 - 10:16

Xi Jinping and Vladimir Putin meeting in Moscow in March 2023 — China's Xi Jinping and Russia's Vladimir Putin together in Moscow on March 20.
Russian pool via AP

Russia will become a "Chinese resource colony," a source close to the Kremlin told the Financial Times.
Xi Jinping's visit to Moscow underscored Russia's economic dependence on China amid sanctions.
But Beijing held back from giving a full green light to the Power of Siberia 2 gas pipeline.

Russia will increasingly be a commodities warehouse for China as Moscow grows more economically dependent on Beijing, a source close to the Kremlin told the Financial Times.

That unequal partnership was on display this week as Chinese President Xi Jinping met with Russian President Vladimir Putin, marking their first summit since Russia invaded Ukraine last year.