All the talk of a 'peace speech' is likely hyperbole and if we get a position statement today it will be more of the same – a call for peace talks and an end to arms for Ukraine
Looking back with some basic facts that reminds Xi-Putin joint statement on partnership without limits. In retrospect, it would appear that Chinese were caught in some unawares by Russian military operation in Ukraine. Besides, China’s 12 point proposal on political settlement of Ukraine conflict along with other elements like purchase of oil and gas from Russia and China spent $ 81.3 billion on import of oil, coal, energy and pipeline. It’s observed there is hike around $ 51.2 billion than 2021. These are the markers to understand how Russian exports will switch from Europe to countries like China and India; this meeting also highlighted the rise of China-Russia trade volume increased 34% and reached $190 billion and for this year we need to be patient to observer its future trajectory.