Russia and China deepen economic ties amid surge in trade since Ukraine invasion

Russian PM holds talks with Xi Jinping and signs bilateral pacts to further investment, exports and sports cooperation.

Russia and China have agreed to deepen investment in trade services, promote agricultural exports and boost sports cooperation, as Mikhail Mishustin, Russia’s prime minister, signed a set of bilateral agreements on a visit to Beijing.

Mishustin is the highest-ranking Russian official to visit Beijing since the start of the war in Ukraine. In March, China’s leader, Xi Jinping, visited Vladimir Putin in Moscow in a show of support for his “dear friend”.

China has claimed to be a neutral mediator in the war in Ukraine, but China and Russia have pulled closer together since the start of the invasion. Mishustin’s visit, where he met Xi and the Chinese premier, Li Qiang, came after G7 leaders called on Russia and China to be more transparent about their nuclear arsenals. On Tuesday, Russia’s deputy foreign minister said the G7 statement was designed to “exert psychological and military-political pressure on Russia and China”.

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