Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > 'Friends of steel': Xi and Putin pledge to stand together against US
    Headlines

    'Friends of steel': Xi and Putin pledge to stand together against US

    'Friends of steel': Xi and Putin pledge to stand together against US

    Published by Global Banking and Finance Review

    Posted on May 8, 2025

    Featured image for article about Headlines

    By Dmitry Antonov

    MOSCOW (Reuters) - Chinese President Xi Jinping told Russia's Vladimir Putin on Thursday their two countries should be "friends of steel", as they pledged to raise cooperation to a new level and "decisively" counter the influence of the United States.

    At talks in the Kremlin, the two leaders cast themselves as defenders of a new world order no longer dominated by the U.S.

    In a lengthy joint statement, they said they would deepen relations in all areas, including military ties, and "strengthen coordination in order to decisively counter Washington's course of 'dual containment' of Russia and China".

    The two countries said the Ukraine conflict could only be settled by removing its "root causes" - a phrase that Russia has frequently used when arguing that it was forced to go to war to prevent the prospect of Ukraine joining NATO. Ukraine and its Western allies say that was a false pretext for what they call an imperial-style invasion.

    Xi is the most powerful of more than two dozen foreign leaders who are visiting Moscow this week to mark Thursday's 80th anniversary of the end of World War Two - a celebration of huge significance for Putin.

    Xi's participation - and the joint statement aligning China with Russia's view of the conflict - provide Putin with an important boost as Russia comes under pressure from the United States to end the war.

    Russia says it wants to repair relations with Washington, which sank to post-Cold War lows because of the conflict in Ukraine, and that it sees the potential for lucrative business deals. But talks have failed to produce a ceasefire and President Donald Trump has threatened to walk away unless there is clear progress.

    Xi, whose country is currently engaged in a tariff war launched by Trump, said China and Russia should solidify the foundations of their cooperation and "eliminate external interference".

    The two countries should "be true friends of steel that have been through a hundred trials by fire", he told Putin.

    In another implied reference to the U.S., Xi said Russia and China would work together to counter "unilateralism and bullying".

    Xi and Putin have met dozens of times and signed a "no limits" strategic partnership in February 2022, less than three weeks before Putin sent his army into Ukraine. China is Russia's biggest trading partner and has thrown Moscow an economic lifeline that has helped it navigate Western sanctions. 

    Putin said the two leaders would personally oversee all key elements in the relationship, aiming for a substantial boost to trade and investment by 2030.

    POWERFUL GUEST

    Domestically, the World War Two anniversary offers Putin a chance to rally Russians in remembrance of a historic feat that is central to the country's national identity. The Soviet Union lost 27 million people in the war, including many millions in Ukraine, which was also devastated.

    In opening remarks after greeting Xi in one of the Kremlin's most opulent halls, Putin thanked him for coming to Moscow to mark 80 years since the "sacred" victory over Adolf Hitler.

    "The victory over fascism, achieved at the cost of enormous sacrifices, is of lasting significance," Putin said.

    "Together with our Chinese friends, we firmly stand guard over historical truth, protect the memory of the events of the war years, and counteract modern manifestations of neo-Nazism and militarism."

    Putin has portrayed his war in Ukraine as a struggle against modern-day Nazis from the start. Ukraine and its allies reject that characterisation as a grotesque falsehood.

    In their joint statement, the two countries said some countries were seeking to "revise the results" of World War Two. They described themselves as the "main victorious states" in that conflict, failing to mention the role of the United States, Britain and many other countries.

    CEASEFIRE PRESSURE

    Putin last week announced a unilateral three-day ceasefire in the war with Ukraine, beginning on Thursday. Ukraine has not committed to abide by it, calling it a ruse by Putin to create the impression he wants to end the war. Instead, it has declared its willingness to join a ceasefire lasting at least 30 days.

    Ukraine targeted Moscow with drones for three days earlier this week, but the skies above the capital were calm on Thursday. With so many foreign leaders present, any attacks during the May 9 events could embarrass Putin and would likely draw a tough response from Moscow.

    Ukraine's foreign minister said Russia had repeatedly violated its own three-day ceasefire hours after it began and called the initiative a "farce", while Moscow said Kyiv had continued fighting.

    Xi has called for talks to end the conflict in Ukraine and has accused the U.S. of stoking it with weapons supplies to Kyiv. Ukrainian President Volodymyr Zelenskiy has in the past urged him to try to persuade Putin to halt the war.

    (Reporting by Dmitry Antonov in Moscow, Kyiv and Beijing newsroom and Maxim Rodionov, Filipp Lebedev and Alexander Marrow in London, writing by Mark Trevelyan; Editing by Aidan Lewis and Sharon Singleton)

    Related Posts
    China's HSG buys majority stake in Italian luxury sneakers Golden Goose
    China's HSG buys majority stake in Italian luxury sneakers Golden Goose
    Rubio says not concerned about escalation with Russia over Venezuela
    Rubio says not concerned about escalation with Russia over Venezuela
    French government to appeal court ruling on Shein
    French government to appeal court ruling on Shein
    Rome to charge tourists to get close to the famed Trevi Fountain
    Rome to charge tourists to get close to the famed Trevi Fountain
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    German court jails man for drugging, raping wife, posting assaults online
    German court jails man for drugging, raping wife, posting assaults online
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    UniCredit issues its first tokenised structured note
    UniCredit issues its first tokenised structured note
    Ukraine starts new round of talks with US,  Kyiv negotiator says
    Ukraine starts new round of talks with US, Kyiv negotiator says
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostLithuania's parliament approves exit from landmines treaty amid Russia threat
    Next Headlines PostEuropean stocks rise after Trump strikes tariff deal with UK

    More from Headlines

    Explore more articles in the Headlines category

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    French court orders Shein to verify age for adult products, rejects government suspension request

    French court orders Shein to verify age for adult products, rejects government suspension request

    No drop in military aid to Kyiv since US policy shift, NATO official says

    No drop in military aid to Kyiv since US policy shift, NATO official says

    How is Britain's government doing on its housing targets?

    How is Britain's government doing on its housing targets?

    Cricket-England's Barmy Army earns praise for litter-picking

    Cricket-England's Barmy Army earns praise for litter-picking

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Big central banks signal rate-cut cycle is ending

    Big central banks signal rate-cut cycle is ending

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    View All Headlines Posts