This is how China trades with Russia
China is strengthening bilateral ties with Russia.
China has announced that it is fully open to Russia's grain imports, and has made this announcement in order to strengthen bilateral ties with Russia.
The announcement by China's General Administration of Customs was made public Thursday, hours after Russian troops launched a wide-ranging attack on Ukraine .
THE AGREEMENTS
However, the deal was part of a package of deals signed during Russian President Vladimir Putin's visit to Beijing earlier this month .
THE IMPORTS OF CHINA
China began allowing large-scale imports of wheat from Russia's Far East region in October, with China's largest agribusiness company, state-owned Cofco, purchasing the first batch of 667 tons (1.47 million). pounds). As the world's largest exporter of wheat, Russia sent more than 30 million tons overseas in the first 11 months of last year.
WHAT CHINA SAYS
Interestingly, China's ambassador to Russia, Zhang Hanhui, said Wednesday that China was pleased to see its currency being used extensively in Russian trade, financial investments and foreign reserves. This of course because it will allow the dollar's economic power to be reduced globally.
THE MOVES OF CHINA
Zhang's comments, made during an interview with the Russian news agency Interfax, came as Moscow officially recognized the independence of the Ukrainian regions of Donetsk and Lugansk and launched attacks on Ukrainian territory since Thursday morning.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/cina-russia-grano/ on Thu, 24 Feb 2022 16:49:05 +0000.