INSUBCONTINENT EXCLUSIVE:
Leaders Vladimir Putin and Xi Jinping framed their nations' ties as a stabilizing force in a chaotic world as they met Thursday in Beijing,
where the Russian president is seeking greater Chinese support for his war effort in Ukraine and Russia's isolated economy.This week's trip
is Putin's first abroad since his March re-election and the second in just over six months to China, an economic lifeline for Moscow after
the West slapped it with an unprecedented series of sanctions over the full-scale invasion of Ukraine.Putin was greeted by Xi at a grand
welcoming ceremony outside Beijing's Great Hall of the People, footage by state broadcaster CCTV showed.The national anthems of both
countries and martial tunes played as the two leaders met, kicking off a two-day visit by Putin that is expected to see the countries deepen
a relationship they have described as "no limits."In a meeting, Xi then told Putin, whom he has previously described as an "old friend,"
that China-Russia relations were "conducive to peace.""China is ready to work with Russia to..
uphold fairness and justice in the world," the Chinese leader said
"The China-Russia relationship today is hard-earned, and the two sides need to cherish and nurture it."Putin, in turn, told Xi the two
directed against anyone," Putin said, according to a Kremlin readout."Together, we uphold the principles of justice and a democratic world
order that reflects multipolar realities and is based on international law," he added.'Political solution'The Russian leader's arrival came
hours after he hailed his country's troops for advancing on "all fronts" on the battlefield in Ukraine following a major new ground
assault.Xi, who returned last week from a three-nation tour of Europe, has rebuffed Western criticism of his country's ties with
pipeline.But their economic partnership has come under close scrutiny from the West in recent months.U.S
Secretary of State Antony Blinken, who met Xi in Beijing last month, warned that China's support for Russia's "brutal war of aggression" in
Ukraine had helped Moscow ramp up the production of rockets, drones, and tanks.China claims to be a neutral party in the conflict, which it
has never condemned and in which it has sought to frame itself as a mediator.And in a statement to the media following Thursday's talks, Xi
said the two sides agreed on the need for a "political solution" to resolving the war."China's position on this issue has always been
clear," Xi said in footage broadcast by Russian state television.That position included "respecting the sovereignty and territorial
integrity of all countries," as well as "respecting the reasonable security concerns of all sides", the Chinese leader added.The remarks
echoed a resolution proposal issued by Beijing last year, which Western countries said could enable Russia to hold much of the territory it
has seized in Ukraine.China also "looks forward to the early restoration of peace and stability on the European continent", Xi said,
promising Beijing would "continue to play a constructive role to that end."Transactions slowChina-Russia trade has boomed since the Ukraine
invasion and hit $240 billion in 2023, according to Chinese customs figures.But after Washington vowed to go after financial institutions
that facilitate Moscow, Chinese exports to Russia dipped during March and April, down from a surge early in the year.An executive order by
President Joe Biden in December allows for secondary sanctions on foreign banks that deal with Russia's war machine, allowing the U.S
Treasury to cut them out of the dollar-led global financial system.That, coupled with recent efforts to rebuild fractured ties with the
involved in cross-border trade told AFP in recent days that several Chinese banks have halted or slowed transactions with Russian
clients.Putin's post-election trip to Beijing echoes Xi's own visit to Russia after his re-anointing as leader last year.The two leaders are
set to sign a joint declaration following the talks, the Kremlin said, and attend an evening marking 75 years of diplomatic relations
between the two countries.Putin will also meet Premier Li Qiang, China's number two official, and travel to the northeastern city of Harbin
for a trade and investment expo.
