China Expresses Discontent Over Russia's Request for a Loan

Written by Henrik Rothen

Mar.18 - 2024 8:01 PM CET

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Photo: Wiki Commons
Photo: Wiki Commons
There is dissatisfaction in China over Russia's desire to borrow money.

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Tensions have arisen between Russia and China following Moscow's request for a loan, as reported by journalists from the People's Republic of China (PRC).

Over recent years, Russia and China have significantly strengthened their ties, considering each other as close friends and strategic allies on the global stage. They have embarked on numerous joint projects, and the leadership of both states frequently speaks of a partnership without boundaries. According to Chinese journalists, the relationship between Moscow and Beijing is indeed warm, and recently the Russian side asked its neighbor for a delicate favor—to lend money.

During the negotiations between the two countries, tensions emerged, as reported by the publication NetEase according to AB News.

"The behavior of Russia is becoming increasingly incomprehensible," said the authors of the Chinese publication.

Anton Siluanov, the head of Russia's Ministry of Finance, recently announced that negotiations were underway with China regarding a loan for Russia in yuan. However, the parties have yet to find mutual understanding on this matter.

Shortly thereafter, China's ambassador to Russia, Zhang Hanhui, confirmed that the sides had indeed been in contact regarding this issue, but negotiations are far from conclusion.

NetEase observers noted that China did not reject the Russian request outright but did not agree to it either. It seems that Beijing is biding its time, a situation that is categorically unsatisfactory to the Kremlin. On the other hand, China is also displeased with Moscow's behavior during these negotiations. It appears that Russian President Vladimir Putin is not willing to make concessions and intends to act firmly.

"Russia is not going to be led by China," stated journalists from the PRC.