Putin and Xi Conclude Beijing Summit Without Power of Siberia-2 Agreement
Russian President Vladimir Putin and Chinese President Xi Jinping concluded a high-stakes state visit in Beijing on May 21, 2026, failing to reach an agreement on the Power of Siberia-2 gas pipeline. While the leaders signed minor bilateral pacts and signaled unified opposition to Western pressure, the lack of progress on major energy infrastructure underscores lingering economic friction. This summit occurred amidst reports that China is seeking to balance its strategic partnership with Russia against growing economic ties with the US.