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Stock market optimism returns after tech selloff but Wall Street wobbles
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Athletes to stay in pop-up cabins in the woods at Winter Olympics
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Ukraine hails 'real progress' in Zelensky's talks with US envoys
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Nobel winner Machado suffered vertebra fracture leaving Venezuela
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Police suspect murder in deaths of Hollywood giant Rob Reiner and wife
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'Angry' Louvre workers' strike shuts out thousands of tourists
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EU faces key summit on using Russian assets for Ukraine
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Showdown looms as EU-Mercosur deal nears finish line
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Wales captains Morgan and Lake sign for Gloucester
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US-Ukrainian talks resume in Berlin with territorial stakes unresolved
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Small firms join charge to boost Europe's weapon supplies
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German shipyard, rescued by the state, gets mega deal
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Flash flood kills dozens in Morocco town
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'We are angry': Louvre Museum closed as workers strike
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Australia to toughen gun laws as it mourns deadly Bondi attack
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Stocks diverge ahead of central bank calls, US data
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Wales captain Morgan to join Gloucester
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UK pop star Cliff Richard reveals prostate cancer treatment
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Indonesia to revoke 22 forestry permits after deadly floods
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Louvre Museum closed as workers strike
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Japan's only two pandas to be sent back to China
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Zelensky, US envoys to push on with Ukraine talks in Berlin
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Australia to toughen gun laws after deadly Bondi shootings
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Australia defends record on antisemitism after Bondi Beach attack
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US police probe deaths of director Rob Reiner, wife as 'apparent homicide'
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Tongue replaces Atkinson in only England change for third Ashes Test
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Bondi Beach gunmen had possible Islamic State links, says ABC
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Why China props up Putin
Beijing’s refusal to condemn Moscow’s full-scale assault on Ukraine has hardened into active, if carefully calibrated, material support. Customs and corporate-registration data show Chinese firms now dominate the flow of critical metals, micro-electronics and dual-use components that keep Russia’s defence industry alive, even as Western sanctions tighten.
Recent investigative dossiers detail how small export-intermediaries in coastal provinces label drone engines as “industrial refrigeration units,” allowing them to cross Eurasia by rail and re-appear inside Shahed-style loitering munitions launched against Odesa and Kyiv.
The trade underpinning this pipeline is immense. Despite a 9 % year-on-year dip, bilateral turnover still exceeded $106 billion in the first half of 2025, with Chinese car parts, machine tools and consumer electronics filling gaps left by departing Western brands. Energy sits at the core of the partnership. Xi Jinping and Vladimir Putin agreed in May to fast-track the 50 bcm-per-year “Power of Siberia 2” gas link, which would lock in discounted Siberian gas for decades and give Moscow a lifeline as European demand evaporates.
Financial ties deepen in parallel. By late 2024 more than a third of Russia’s trade was settled in yuan, helping the Kremlin skirt dollar clearing and accelerating Beijing’s long-term bid to internationalise its currency. Yet 98 % of Chinese banks now refuse direct rouble deals, a sign of how carefully Beijing manages sanctions exposure. Strategically, Chinese planners see virtue in a protracted conflict that drains U.S. and European arsenals, diverts NATO bandwidth, and tests Western sanctions architecture—all while avoiding outright Russian collapse that could leave a NATO-leaning vacuum on China’s northern frontier.
Washington and Brussels are responding. The EU is preparing its first penalties on Chinese banks accused of laundering Russian transactions, while Kyiv has black-listed several mainland suppliers implicated in drone production.
Still, Beijing judges the benefits—energy security, discounted commodities, a pliant strategic partner, and valuable combat data for its own doctrine—outweigh the risks. The partnership remains officially “no-limits,” but in practice it is bounded by one overriding calculation: help Moscow enough to bleed Ukraine and frustrate the West, yet not so openly that secondary sanctions threaten China’s wider economic ambitions.
Trap laid, Ukraine walked in
BRICS-Dollar challenge
Saudi shift shakes Israel
Al-Qaida’s growing ambitions
Argentina's radical Shift
Hidden Cartel crisis in USA
New York’s lost Luster
Europe’s power shock
Australian economy Crisis
Israel’s Haredi Challenge
Miracle in Germany: VW soars