Xi Wants More Trade, Yuan-Ruble Deals With Russia

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 worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]