Xi Jinping and Vladimir Putin signed more than 40 trade and energy agreements in Beijing, alongside a reported Power of Siberia 2 route deal, developments described as deepening Sino-Russian cooperation and potentially reducing reliance on the U.S. dollar.
Reports describe Russia and China as signing a broad package of trade and energy agreements in Beijing while also advancing the Power of Siberia 2 pipeline through a reported route agreement. One account says Xi Jinping and Vladimir Putin signed more than 40 agreements, while another says the countries signed nearly three dozen, leaving the exact count unclear. Across both versions, the deals are framed as deepening Sino-Russian energy ties, strengthening broader economic cooperation, and potentially supporting de-dollarization by reducing reliance on the U.S. dollar in cross-border trade. The materials also suggest possible implications for digital currency adoption, though no specific currencies, settlement mechanisms, financial terms, or implementation timeline are provided.