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CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.
Xi Jinping arrives in Moscow Monday for a visit of profound geo-political and economic significance, perhaps of equal, if not more, significance than when the two leaders met a year ago, just prior to the invasion of Ukraine and pronounced their friendship without limits. Despite the frustration that the Russian invasion did not go as swiftly or successfully as planned and Ukraine has become a war of attrition, expect China and Russia to double down on the war effort and their bilateral relationship. They will likely try to leverage the crisis to enhance China’s global leadership role as a peace broker and Russia’s message that it is not isolated and remains an important global power to be reckoned with.
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