Analysts predict that Russian President Vladimir Putin will prioritize strengthening bilateral cooperation with China after the Russia-Ukraine conflict. This strategic shift is driven by China and Russia’s shared goal of expanding a multilateral alliance to counter the U.S.-led global order.
On Monday, Moon Nam Jung, a researcher at Daishin Securities, stated that Russia is unlikely to restore relations with the West, which makes cooperation with China its top priority. Both nations are expected to collaborate on developing the Shanghai Cooperation Organization (SCO) and BRICS, which have seen growing interest from potential member states.
China and Russia have aligned their efforts to reduce the U.S. dollar’s dominance and expand a multilateral alliance. Their plans include attracting Middle Eastern oil-producing nations to BRICS, developing a unified currency, and bolstering the New Development Bank by 2025.
However, the Putin regime faces significant challenges. Major obstacles include domestic fatigue from prolonged governance, setbacks in advanced technology development due to severed ties with the West, and an increasing reliance on China.
Moon explained that while the Russian economy outperformed expectations during 2023-2024 due to rising commodity prices and a revitalized defense industry, factors such as inflation and potential currency crises could pose significant risks to Russia’s economic stability. While China has refrained from providing military support to Russia, it has aided Russia’s economic recovery through substantial purchases of crude oil and gas and increased consumer goods supply.
In return, Russia opened its automotive market to Chinese companies following the exit of Western firms. It has granted China access to strategic locations like the Port of Vladivostok. Moon also noted that Donald Trump’s election as U.S. president could catalyze efforts to end the Russia-Ukraine war by 2025, prompting a push to solidify bilateral relations.
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