Chinese President Xi Jinping has ordered his officials to forge stronger economic ties with Russia and build on the strengthening trade relationship between the two countries, The Wall Street Journal reported, citing Beijing policy advisers.
Xi is looking to expand Chinese purchases of Russian oil and Chinese investment in Russian infrastructure, while also transacting more deals in rubles and yuan to insulate the country against future Western sanctions.
Read the full report: The Wall Street Journal.
China Carmakers Claim 31% of Russia Market After West’s Exit
Yuan-Rouble Dealings Skyrocket as Russia Embraces the Redback
India Shared List of Products with Russia, Minister Says
Russia Offers to Get India Big Tankers for Cheap Oil – Insider