Handshake between Russia and China leaders: oil partnership and sanctions discounts

Xi Jinping and Vladimir Putin shake hands amid Russia-China oil trade and sanctions discounts

Chinese President Xi Jinping and Russian President Vladimir Putin exchange a handshake during an official meeting. Their strategic partnership underpins the oil trade through which China captures billions in savings from sanctions-driven discounts on Russian crude. The formal greeting masks the massive economic interests binding the two powers.

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