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European Oil Markets
23JUL

Beijing will not confirm Shenzhen summit

2 min read
19:27UTC

The Kremlin says a Russia-China-US leaders' meeting at November's APEC summit in Shenzhen is being prepared; China's foreign ministry says it has no information.

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EconomicDeveloping
Key takeaway

Moscow announced a Shenzhen leaders' meeting that Beijing will not confirm.

Kremlin aide Yuri Ushakov said on 21 October that a meeting of the Russian, Chinese and US leaders at the Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen in November "has not been rejected by any of the capitals". He said China is handling the preparations⁠1. Asked by Agence France-Presse (AFP) on 21 October and by Reuters on 22 October, foreign ministry spokesperson Mao Ning said she had no information on such a meeting⁠2.

Bloomberg and Kyodo put the same question on 19 and 20 October and got no substantive answer. Putin told Chinese Premier Li Qiang, who visited the Constantine Palace on the day of the Witkoff meeting, that he and Xi Jinping had met three times this year⁠3.

Washington's track has so far run as separate rounds with each side, most recently envoy talks with Ukrainian officials in Miami. Zelenskyy said on 20 October that any US-China-Russia talks on Ukraine are acceptable to Kyiv only with Ukraine in the room⁠4. Lowdown found no statement from Moscow or Washington accepting that condition. On Lowdown's reading, naming China moves the settlement towards a three-power format, and Ukraine's seat would then rest on Zelenskyy's demand alone.

Deep Analysis

In plain English

Russia, China and the US are the three largest military powers. Russia says their leaders, Vladimir Putin, Xi Jinping and Donald Trump, might meet in November in Shenzhen, a city in southern China. The meeting would happen on the sidelines of a regional summit of Asia-Pacific economies. China is hosting that summit this year. China has not confirmed any such meeting. Its foreign ministry spokesperson, Mao Ning, said she had no information. Ukraine's president, Volodymyr Zelenskyy, says any talks about Ukraine must include Ukraine.

Deep Analysis
Root Causes

China is Russia's largest trading partner, so Beijing already holds leverage over Moscow's war economy without a summit. A public peacemaking role would make that leverage visible to Washington and Brussels, which is why Beijing guards any announcement.

Hosting the Asia-Pacific Economic Cooperation (APEC) summit gives Xi control of protocol and the guest list in Shenzhen. A trilateral there would run on Chinese ground under Chinese rules, a reason for Moscow to name it first and for Beijing to stay quiet.

What could happen next?
  • Risk

    A three-power meeting without Ukraine would repeat the pattern Kyiv fears most: its borders discussed in its absence.

Sources:Kremlin·Kremlin·Ministry of Foreign Affairs of the People's Republic of China
Mentions:Mao Ning →Yuri Ushakov →APEC →Shenzhen →Li Qiang →Vladimir Putin →Xi Jinping →China →Volodymyr Zelenskyy →Donald Trump →Agence France-Presse →Reuters →Bloomberg →Beijing →Brazil →Russia →Ukraine →Washington →Kyiv →Poland →London →Croatia →France →Kremlin →Moscow →Miami →Serbia →Chinese Foreign Ministry →
First Reported In

Update #30 · Kremlin floats 10 November talks as diesel deal work begins

Kremlin· 22 Oct 2026
Read original →
Causes and effects
Caused by
Putin offers November talks, aide says
Mao Ning said Beijing had no information on the Shenzhen meeting Ushakov announced.
Occurred 21 Oct 2026
Read story →
This Event
Beijing will not confirm Shenzhen summit
A three-power format on Ukraine would rest on Chinese hosting that Beijing has not acknowledged and on a Ukrainian seat nobody else has promised.
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Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Editorial standards.