Russian President Vladimir Putin announced today that global energy demand is rising, including demand from China.

Putin confirmed that the leading economies of the European Union are in a state of recession.

Meanwhile, Arab-Chinese affairs expert Zhou Xuan stated that Russia and China are moving towards greater strategic coordination in economic fields and trade exchange, noting that relations between the two countries are shifting from political rapprochement to strategic coordination in trade, especially amid growing current international crises.

In an interview with “Al Arabiya Business,” Zhou added: “The areas that can contribute to economic integration between the two countries include Russia’s large energy reserves, which are primarily important to China, while Russia seeks to benefit from China’s technological advances in industry and artificial intelligence, and Moscow is interested in transferring Chinese expertise in many technical fields it needs amid Western sanctions imposed on it.”

Former U.S. President Donald Trump accused Chinese President Xi Jinping and Russian President Vladimir Putin of conspiring against the United States.

It is worth noting that relations between Beijing and Moscow have strengthened as Russia’s economy faces challenges from Western sanctions imposed due to its war on Ukraine.

According to Chinese customs data, bilateral trade reached a new record level of $245 billion in 2024, an increase of 68% compared to 2021.