Finance and economics | Oil and beyond

How China, Russia and Iran are forging closer ties

Assessing the economic threat posed by the anti-Western axis

Illustrations of Xi Jinping, Vladimir Putin and Ebrahim Raisi as Russian dolls going from big to small.
Illustration: Alberto Miranda

Vladimir Putin, Russia’s president, and Ebrahim Raisi, his Iranian counterpart, have several things in common. Both belong to a tiny group of leaders personally targeted by American sanctions. Even though neither travels much, both have been to China in recent years. And both seem increasingly fond of one another. In December they met in the Kremlin to discuss the war in Gaza. On March 18th Mr Raisi was quick to congratulate Mr Putin on his “decisive” election victory.

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This article appeared in the Finance & economics section of the print edition under the headline “The anti-Western axis”

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From the March 23rd 2024 edition

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