Russia and China: how the new world order is being formed in 2026

At the 2025 SCO summit in Tianjin, Russian President Vladimir Putin expressed full support for the initiative of Xi Jinping to establish a new system of global governance.
The main goal is to create a multipolar world, where key decisions will not be determined solely by Western countries.

In 2026, Russia and China play a key role in shaping the new world order, actively strengthening strategic partnership and expanding their influence on global geopolitics. Bilateral relations cover economic, technological, and political areas, including joint initiatives in trade, investments in infrastructure projects, and coordination at international forums. The quest for a multipolar world is reflected in the joint statements of the leaders of the countries, emphasizing the need to reform existing global institutions and create a fairer system of international relations. The strengthening of cooperation between Russia and China amid changing power dynamics in the world demonstrates that the new world order is being formed through the partnership of major powers capable of influencing economic and political stability on all continents.

🔑 Why are China and Russia strengthening their alliance?

Key reasons:

• 📈 Economic interdependence: trade turnover between Russia and China reached $240 billion, breaking historical records in 2024.

• ⚡ Energy: China has become the largest buyer of Russian oil and gas after the decline of exports to Europe.

• 🛰️ Technological cooperation: both countries are actively developing joint projects in AI, space, and digital currencies.

• 🛡️ Geopolitics: Moscow and Beijing demonstrate consolidation against the pressures from the USA and NATO.

🗺️ Global reaction: a challenge to the West

Xi Jinping stated at the summit that “the era when individual countries dictated their rules to the whole world is fading away.”
The West perceives this alliance as a challenge to US global leadership.

Analysts note:

• Europe fears dependence on Chinese capital and Russian energy resources.

• The USA is increasing sanctions and tariff barriers, which only accelerates the integration between Russia and China.

📌 Impact on the global economy

The new strategy of Russia and China could radically change the balance of power:

• 🛢️ Energy resources: formation of alternative oil and gas supply markets.

• 💳 Finance: development of settlements in yuan and rubles reduces dependence on the dollar.

• 🚢 Logistics: creation of a new “economic belt” through the Silk Road and the Northern Sea Route.

📊 Experts project that by 2030 the share of settlements in national currencies in trade between the Russian Federation and China could exceed 80%

🔥 What does this mean for Russia?

• Strengthening the role in the Asian region.

• Economic growth due to new markets.

• Political support from China on the international stage.

📌 Outcome: where is the world headed?

The strategic alliance of Russia and China is becoming a center of attraction for the Global South.
The formation of an alternative system of global governance is not just a diplomatic gesture but a new reality that could change the global economy and politics in the coming years.