Russia Ukraine war, page-217981

(a) State capitalism: Both Russia and China have adopted forms of state capitalism where the state plays a significant role in the economy.

(b) Authoritarian regimes: While both countries have centralised political systems, it’s important to note that China’s political structure differs significantly from Russia’s.

(c) Shared concerns about the USA: Both countries have expressed concerns about US policies and actions that they perceive as threats to their interests.

(d) Economic interdependence: Russia possesses abundant natural resources that China requires, while China’s manufacturing capabilities provide goods that Russia needs.

(e) BRICS membership and de-dollarisation: Both Russia and China are part of the BRICS group and have shown efforts to reduce reliance on the US dollar in international trade.

(f) Development of a gold-backed BRICS currency: There have been discussions and proposals regarding a gold-backed currency within BRICS, but as of now, it has not replaced the USD in trade settlements.

(g) Russia’s involvement in Belt and Road Initiative (BRI): Russia has expressed support for certain aspects of the BRI, but it’s not a formal member of the initiative like China.

(h) Mutual assistance between China and Russia: Both countries have pledged mutual support, but the context and extent of this cooperation can vary depending on the specific circumstances.