“China's
top diplomat is offering Beijing's assistance to Moscow, as pessimism
is spreading about the uncertainties of the Russian economy. With the
Kremlin vowing to address Russia's dependence on oil and gas, more
teamwork with China in non-energy sectors may help, but the key 'lies
in the hands of Moscow itself', analysts said.”
“Foreign
Minister Wang Yi told reporters on Saturday that 'Russia has the
capability and the wisdom to overcome the existing hardship in the
economic situation. If the Russian side needs, we will provide
necessary assistance within our capacity,' Wang said. Wang said China
and Russia have been consistently supporting and helping each other.”
“Zhang
Deguang, a former Chinese ambassador to Russia, said Moscow has
foreign currency reserves totaling hundreds of billions of dollars,
and with such support the Russian economy 'is still far away from
being totally paralyzed'.”
“Li
Jianmin, a researcher at the Chinese Academy of Social Sciences,
suggested that China's assistance be provided through mechanisms
including the Shanghai Cooperation Organisation and BRICS.
Earlier this month, when Russian Prime Minister Dmitry Medvedev met
in Astana, Kazakhstan, with Premier Li Keqiang, they agreed on
enhancing cooperation in railways, infrastructure and the development
of Russia's Far East region. Loans, cooperation in major projects and
participation in the domestic infrastructure investment in Russia are
options on the table, Li added.”
“Qin
Gang, the Foreign Ministry spokesman, told a news conference in
Beijing on Thursday, 'Please do not forget that China and Russia are
highly complementary in the economic field, with broad areas and huge
potential for cooperation.'"
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Putin clearly seeks a restructure
for the economy, in order to develop further various sectors and
relief the weight from the oil-gas sector which makes Russia more
vulnerable in geopolitical-financial games. [...] Putin will seek
further cooperation with China and India, as being fast developing
countries with increasing energy needs. As he knows that the
restructure of the economy will take time, Russia could turn to
these markets to sell huge amounts of energy resources. Russia
has a big advantage here due to its geographic position and its
participation in the BRICS. Actually, Putin wants to signal
that Russia is able to retain its social state through its
reserves and through new energy markets until the crisis is over
and the restructure of the economy completed.
As the US
seek to isolate China, it seems that the
Chinese are turning to the Shanghai Cooperation Organization
(SCO), seeking to shield their inner security.
The US moves in Asian Pasific, show the ultimate target. It
appears that the SCO formation in 2001 was another tactical win by
the Sino-Russian block, against the - occupied with the war on
terrorism - West, to be used
against future plans by the global neoliberal dictatorship, which
would probably include the dissolution of the vast Russian
territory and the dangerous isolation of China by land and sea.
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