Energy

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

 

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.

 

Read more:

 

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

 

 

 

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

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