Three key takeaways from Putin's Beijing trip — and what they reveal about China-Russia ties
Putin's recent visit to Beijing highlighted ongoing challenges in China-Russia energy cooperation, particularly regarding the Power of Siberia 2 pipeline. Despite discussions, no significant agreements were reached, leaving key parameters unresolved. This situation reflects Russia's diminished leverage in energy negotiations following its invasion of Ukraine.
- ▪The Power of Siberia 2 pipeline discussions did not result in a breakthrough.
- ▪Chinese President Xi Jinping emphasized energy cooperation but did not mention the pipeline.
- ▪Russia's gas exports to Europe have significantly decreased since the Ukraine invasion.
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/05/21/china-russia-putin-xi-jinping-ties-deals-energy-siberia-pipeline-trump-visits-.html |
| Publication time | Thu, 21 May 2026 05:34:36 GMT |
| Retrieval time | 2026-05-21T05:40:03.490Z |
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Opening excerpt (first ~120 words) tap to expand
The two leaders failed to reach a breakthrough on the Power of Siberia 2 pipeline that Moscow had flagged would be "discussed in great detail," as Russia's gas exports to Europe have substantially shrunk following its invasion of Ukraine in 2022.Following the summit, Russian Press Secretary Dmitry Peskov said Beijing and Moscow had arrived at an understanding on the venture's key parameters, but "some nuances remain to be ironed out," with no clear timeframe for the project, according to a Google translation of news agency RIA Novosti's report in Russian.While Chinese President Xi Jinping stated that energy cooperation should be the "ballast stone" in China-Russia relations, he made no mention of the pipeline.
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