Xi is frustrated that Putin won't seek peace in Ukraine, reports say. China has touted a 12-point peace plan for Ukraine that Russia hasn't pursued. China recently attended a peace summit in Saudi Arabia that was described by Russia as "doomed to fail." A European diplomat present at the discussions told the FT that the "mere presence of China shows Russia is more and more isolated." But Wyne cautioned against excessive faith in China's intervention to secure peace in Ukraine.

---

Persons: Xi, Putin, Russia hasn't, Xi Jinping, Vladimir Putin's, it's, Siberia that'd, June's Wagner, Ali Wyne, Wyne Organizations: Service, Financial Times, Putin, Kremlin, Eurasia Group, Saudi, Kyiv, Analysts Locations: Ukraine, China, Russia, Saudi Arabia, Wall, Silicon, Russian, Moscow, Jeddah, European, Siberia, Beijing, Denmark, Iran