The Russian president announced Moscow is ready to maintain uninterrupted oil deliveries to China, highlighting the growing role of China as a leading importer of Russian oil. Moscow views a steady oil supply as essential to support China’s expansive manufacturing and energy needs, a message conveyed after discussions between Russia and China conducted at the Kremlin on a recent visit. The commitment underscores a long-term, stable energy relationship intended to reinforce ongoing economic ties between the two nations.
In parallel, Turkish president Recep Tayyip Erdoğan observed that energy cooperation discussions took place in depth during the meetings and that collaboration is advancing at a healthy pace. The talks emphasized practical steps to deepen energy interdependence, including infrastructure, trade flows, and joint projects that could bolster regional stability and economic resilience.
A key focus of the talks was the shift toward greater use of national currencies in bilateral trade. Russian officials described this currency diversification as a strong incentive to strengthen investment cooperation, noting that by the end of the third quarter of 2022 the ruble and yuan already accounted for a substantial share of two-way trade. This currency practice is presented as a safeguard against external shocks and a way to reduce exposure to fluctuations in global markets, while enabling more predictable economic planning for both sides.
Additionally, leaders signed a joint statement outlining a development plan for key areas of economic cooperation through 2030. The document signals a shared ambition to expand collaboration across energy, finance, technology, and industrial sectors, aligning with broader regional ambitions and contributing to a resilient, multipolar economic framework. The agreement stresses practical milestones, investment streams, and policy coordination designed to accelerate the implementation of cross-border initiatives and to support sustained growth over the next decade.