Three key takeaways from Putin's Beijing trip — and what they reveal about China-Russia ties

Key points

• In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and China's President Xi Jinping tour a photo exhibition on Russia-China ties in Beijing on May 20, 2026. (Photo by Alexander KAZAKOV / POOL / AFP via Getty Images) Russian President Vladimir Putin left Beijing Wednesday with declarations of enduring friendship with China and a stack of bilateral agreements — but without the energy pipeline breakthrough Moscow was eyeing, signaling the evolving geometry of a partnership that is increasingly tilting in Beijing's favor.
• The two leaders failed to reach a breakthrough on the Power of Siberia 2 pipeline that Moscow had flagged would be "discussed in great detail," as Russia's gas exports to Europe have substantially shrunk following its invasion of Ukraine in 2022. Following the summit, Russian Press Secretary Dmitry Peskov said Beijing and Moscow had arrived at an understanding on the venture's key...