China-Russia relations: What is Xi Jinping prepared to pay for Putin’s war?

 

                                        Xi Jinping and Vladimir Putin are set to meet in Beijing this week

Beijing is set to welcome Russian President Vladimir Putin, who hailed the "unprecedented" level of ties between the two countries ahead of his state visit.

                         Watch: Antony Blinker says the US will act if China does not stop sending 'critical components' to Russia

situation, our relations are still strengthening," he said.

More than two years into his invasion of Ukraine, China has emerged as a vital ally. It has refused to condemn the war and continues to trade with a heavily sanctioned Russia, much to the ire of the US and the European Union.

However, it appears Mr Putin wants more. But is China willing to pay the price?

A balancing act

It is perhaps not surprising the Russian leader has chosen China as his first foreign trip since he was sworn in for a fifth presidential term last week. The two-day state visit comes as their relationship reached its "highest level ever", he told Chinese state media. He spoke of his interest in Chinese martial arts and philosophy, and said some of his family are learning Mandarin.

"In the face of a difficult international situation, our relations are still strengthening," he said.

But while Mr Putin brags about their friendship, Mr Xi might have reason to worry.

The US has just announced a raft of new sanctions against Beijing and Hong Kong-based banks and companies that work with Moscow, allegedly helping to evade existing restrictions.