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China’s Economic Lifeline to Russia Gives Beijing Upper Hand
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Chinese President Xi Jinping’s visit to Moscow—and the flurry of trade, energy and infrastructure deals discussed during his trip—has laid bare an increasingly uncomfortable truth for Moscow: In a relationship the Kremlin has long treated with the utmost caution, China is gaining the upper hand.
The pomp-filled summit of Mr. Xi and Russian President Vladimir Putin showcased a growing challenge to the West. But since Moscow’s disastrous invasion of Ukraine, which triggered a host of Western sanctions and an exodus of Western firms from Russia, Moscow has been forced to turn sharply to Beijing to keep the economy afloat.
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