Xi and Putin sign agreements on trade, media and energy

Chinese President Xi Jinping and his Russian counterpart Vladimir Putin signed more than 20 bilateral agreements during their May 2026 summit in Beijing.

The wide-ranging pacts span technology, sustainable trade, and intellectual property, as well as the extension of their friendship treaty and a joint declaration advocating for a multipolar world. Moreover, both leaders reached a high degree of consensus on furthering oil and gas sector cooperation, using the summit to discuss long-term energy security and push forward ongoing negotiations for the proposed Power of Siberia 2 pipeline.

The pipeline aims to play a critical part in Russia's energy pivot and China's energy security, carrying 50 billion cubic meters of natural gas annually from Russia’s Arctic Yamal fields to China via Mongolia.