Throughout 2025 so far, there has been no shortage of geopolitical shifts emerging. That has extended to a host of nations and economic collectives, as several have sought to increase or renegotiate trade agreements. That has now extended to the BRICS bloc, as China and Russia have signed a major new partnership.
Both nations represent key pillars of the BRICS economic alliance. Moreover, they have been the face of a growing de-dollarization movement that has been embraced in recent years. With the US implementing America-first tariff plans, the bloc is set to continue its work to promote cooperation, new monetary tools, and a lessened reliance on the US dollar.
JUST IN: 🇷🇺🇨🇳 Russian President Putin and Chinese President Xi Jinping agree to strengthen the China-Russia Comprehensive Strategic Partnership. pic.twitter.com/FsgBHzP40W
— BRICS News (@BRICSinfo) May 8, 2025
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BRICS Alliance Sees Two Major Nations Reach Crucial Agreement
The year was always poised to be an important one for the BRICS alliance. US President Donald Trump had set his crosshairs on the bloc, threatening them with increased tariffs of 150% for their discussions about creating an alliance currency. Moreover, they were set to embrace their third straight year of expansion.
Those efforts are still a focus, but the bilateral deals between particular nations have become increasingly important. Subsequently, they have become a focus for the bloc’s members. That was reinforced Thursday, as BRICS nations Russia and China announced a new major partnership.
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Both Russian President Vladimir Putin and Chinese President Xi Jinping held a press conference following recent talks. Specifically, they offered a joint statement on deepening their comprehensive partnership and relations. Through the announcement, they reinforced the sentiment that cooperation between the two has entered a new era.
“In our joint statement with Xi Jinping, we set ambitious tasks,” Putin said. “In particular, we are talking about ensuring a significant qualitative advancement of Russian-Chinese trade and investment by 2030.” Among the signed treaties were action plans on film production, scientific partnership, and joint efforts on digital economic transformation and development.