SINGAPORE — Recent signs of the increasingly close ties between Russia and China have led to concerns of a new Cold War emerging that pits one-time allies Beijing and Moscow against Western powers. But analysts say such fears are exaggerated and while both countries have signalled closer cooperation this year, they share a wariness towards each other and interests that are not always mutually aligned.

“There are very serious security conflicts, that’s for sure. But I think to say that a new Cold War is emerging might be a bit off the mark. I do admit that relations between Russia and Europe and the United States, and the relations between China and the US, are facing daunting challenges,” said Dr Li Mingjiang, associate professor at the S. Rajaratnam School of International Studies (RSIS) and coordinator of the school’s China Programme.