"Yuan will become the main trade currency": Putin turns the Russian Federation into a raw material colony of China - ft

The Kremlin source reported to the Western media that the logic of discussion between the Kremlin and Beijing, which is currently underway in the field of economy, is that Russia is turning into China's raw material appendage. The Western press began to summarize the first results of the head of China's leader Cyinpin to Moscow and had already dubbed the negotiations between the Kremlin and Beijing, as emphasizing Russia as a "younger partner" of China. Financial Times writes about it.

According to the source of a publication close to the Kremlin, the logic of discussion between China and Russia, which is currently conducted in the field of economy, is reduced to the fact that the Russian Federation becomes a raw material appendage of the PRC. "The logic of events suggests that we are fully becoming a Chinese resource colony. Our servers will be from Huawei. We will become the main suppliers in China in total. They will receive gas from Siberia forces.

By the end of 2023, Yuan will become our main trade currency," he said The interlocutor of the edition. Experts of the International Institute for Strategic Studies believe that the asymmetry of Russian-Chinese relations has intensified after the introduction of sanctions against the Russian Federation, and that China can use in its advantage the urgent need of Russia for energy buyers.

"It is difficult to hide the fact that Russia is now a younger partner," says Institute's employee Maria Shagin. The leader of China Xi Jinping during the negotiations with Putin in Moscow on March 20 suggested not so large -scale support, which the Kremlin head hoped for, said analysts of the Institute of War Study in March 20. At the meeting of Putin and Xi Jinping, both leaders praised Chinese-Russian ties, but expressed a different vision on the scale of future relationships.