Putin Offers China Partnership on Siberian Copper Deposit

Russian President Vladimir Putin said Chinese companies could take part in developing one of Siberia's largest copper deposits, according to Kommersant.

Putin described Chinese firms as among the most active investors currently operating in Russia's Far East, pointing to their involvement in the region as a basis for extending an invitation to join the copper project.

Expanding Economic Ties

The proposal reflects Russia's continued push to deepen economic cooperation with China, particularly in regions like Siberia and the Far East where Moscow has sought to attract investment following the departure of many Western companies after the invasion of Ukraine.

Kommersant's report does not specify the name of the copper deposit, the scale of investment being discussed, or a timeline for Chinese companies to formally join the project.

Russia has increasingly looked to China as a key economic partner for large-scale resource development in recent years, with Putin's comments signaling an intent to further integrate Chinese capital into the country's mining sector in Siberia.