Moscow Pushes For Deeper Ties In Summit With China
Market Intelligence Analysis
AI-PoweredRussia is seeking to strengthen its economic ties with China as a response to increased Western sanctions, particularly in the energy sector, following a reduction in oil purchases by China this year.
Market impact analysis based on bullish sentiment with 79% confidence.
Article Context
As the U.S., European Union (E.U.), and Great Britain have dramatically ratcheted up sanctions on Russia’s war in Ukraine, Moscow last week sent Deputy Prime Minister Alexander Novak, Rosneft chief executive officer Igor Sechin, and other senior officials to China to discuss deepening energy ties and wider cooperation. This deputation follows the major reduction in Russian oil that China has bought so far this year in the wake of the heightened Western sanctions on Moscow, and increased surveillance on Beijing’s role in assisting its…
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