
Putin flew home from Beijing Wednesday night without a Power of Siberia 2 contract — but with something arguably more significant: his top foreign-policy aide publicly discarding the "Spirit of Anchorage" and replacing it with a new phrase. A post-visit debrief covering the Ushakov pivot, what the 47-page joint statement actually commits Beijing to on Ukraine, expanded military cooperation, the Iran-energy angle, and a breakdown of what each leader got and didn't.
| Xi Jinping | Vladimir Putin | |
|---|---|---|
| Got | Leverage on both Washington and Moscow simultaneously; "unyielding" optic after Trump's visit; Beijing's preferred "root causes" framing adopted in joint text | Largest trade partner's diplomatic vocabulary aligned to his Ukraine framing; military cooperation expanded; APEC invitation confirmed; strong public display of solidarity |
| Did not get | Formal commitment from Russia on ceasefire terms | Power of Siberia 2 contract; any Ukraine peace progress; exit from Western sanctions |
| Left open | How long China can balance US economic ties with Russia military alignment | Pipeline pricing gap; timeline for any gas deal |
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