Energy

Xi Wants More Trade, Yuan-Ruble Deals With Russia – WSJ

Xi is looking to expand Chinese purchases of Russian oil and Chinese investment in Russian infrastructure. Photo: Reuters

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.

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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has been working as a digital journalist since 2013, and is an experienced writer and multimedia producer. As an eager stock market trader and investor, she is keenly interested in economy, emerging markets and the intersections of finance and society. You can tweet to her @saxenavishakha