What Putin And China Just Did Will Disrupt Global Trade Forever!

What Putin And China Just Did Will Disrupt Global Trade Forever! During President Putin’s visit to Beijing in May 2024, he highlighted the growing economic ties between the two nations. From 2021 to 2023, trade between China and Russia surged by over 64%, reaching an impressive $240 billion. In 2023, China became Russia’s largest crude oil supplier, importing 107 million tons—a 24% increase from the previous year. The partnership doesn’t stop there. The two countries are also working on new projects like the ‘Power of Siberia 2’ pipeline, which will deliver natural gas from Siberia to China’s northeast. This growing partnership shows how both nations are adapting to international pressures and changing global trade dynamics. If You Like This Video; Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For Watching Our Video: What Putin And China Just Did Will Disrupt Global Trade Forever! The Arctic Northern Sea Route corridor spans approximately 5,600 kilometers along Russia’s northern coast, stretching from Murmansk in the west to the Bering Strait in the east. This route has become crucial for connecting Eurasia with the Asia-Pacific region. A significant boost to this corridor comes from the partnership between Russia’s Rosatom and China’s Hainan Yangpu Newnew Shipping Co Ltd. Their collaboration aims to enhance infrastructure and shipping capabilities along this route, making it feasible for year-round shipping. This Arctic corridor offers major advantages for global trade. It cuts travel distances between Eurasia and the Asia-Pacific by up to 30% compared to traditional routes like the Suez Canal. Rosatom estimates it could handle up to 50 million tonnes of cargo annually. Arctic-class vessels allow operations throughout the year, ensuring reliable shipping despite challenging Arctic conditions. Geopolitically, the corridor’s growth is influenced by Western sanctions on Russia, which have pushed for diversification away from Western-centric routes. However, environmental concerns loom large, with impacts on Arctic ecosystems and the need for sustainable shipping practices. The corridor is set to attract increased international interest and competition as nations seek influence and access to Arctic resources. In recent years, economic cooperation between China and Russia has surged, with trade hitting a record $190 billion in 2023—a 30% jump from the previous year. This growth underscores their expanding partnership and efforts to tap into new markets. Energy, automobiles, and raw materials are driving this trade boom. Energy is pivotal, with China relying heavily on Russian crude oil via pipelines like the Power of Siberia, which delivered 15 billion cubic meters of gas in 2023 and plans to ramp up to 38 billion by 2025. Meanwhile, Chinese automakers like BYD and Geely are meeting demand in Russia for affordable, high-quality vehicles. Additionally, Russia supplies vital raw materials such as coal and iron ore crucial for China’s manufacturing sector. While this collaboration benefits both sides—providing China with a stable energy supply and Russia with crucial market access—it also poses risks. Russia’s dependency on China could expose vulnerabilities if geopolitical tensions or trade disputes arise, potentially tipping the scales in China’s favor. A cornerstone of their partnership is the “Power of Siberia 2” pipeline, set to transport 50 billion cubic meters of gas annually over 3,000 kilometers from Siberia to China, with plans to increase to 68 billion cubic meters by 2025. This project, announced in February 2023 with over $10 billion in Chinese investment, enhances China’s energy security and boosts Russia’s economy amidst Western sanctions. China’s deepening economic ties with Russia not only help mitigate sanctions pressure on Russia but also strengthen China’s global standing, challenging U.S. and EU dominance. This strategic alliance is reshaping global geopolitics and could prompt diplomatic responses from the West, particularly as both nations increase their presence in the Arctic. More Details In The Video!