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Saudi Arabia and China: New Best Friends? – Deutsche Welle

Experts say the Saudi offer to allow China to pay for oil in yuan is not linked to sanctions on Russia, but rather Riyadh using China as a bargaining chip to put pressure on its Western allies


Saudi Crown Prince Mohammed bin Salman toured Asia recently. Saudi Arabia had become one of the biggest Belt and Road Initiative recipients. File photo: Saudi Royal Court via Reuters.

 

News that Chinese leader Xi Jinping could accept an invitation to visit Saudi Arabia as soon as May and that the world’s largest oil producer might allow China to pay for its oil in yuan, rather than US dollars, is not linked to Russia’s invasion in Ukraine, analysts say, according to Deutsche Welle.

“Gulf monarchies’ refusal to side with the US and Europe against Russia is not about Russia. It is about navigating the new multipolar world order, taking a transactional approach to protecting national interests,” one analyst said.

Read the full report: Deutsche Welle

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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