Russian aggression boosts China’s bargaining power
With the Putin administration hard-pressed by Western sanctions, Beijing may look to take advantage
The world looked very different when Russian president Vladimir Putin and Chinese president Xi Jinping announced a grand new alliance between their countries at the start of the Winter Olympics in China in early February, touting it as a “no limits” partnership superior to Nato and other Cold War-era alliances. The former’s apparent miscalculation over the strength of reaction by Ukraine’s allies to his illegal invasion has handed the latter the upper hand in their new relationship. “The war in Ukraine has shifted the Russian-Chinese energy balance in China’s favour,” says Jan Kalicki, an energy security expert at the Wilson Center, a Washington-based thinktank. “The Kremlin must depend much
Also in this section
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future






