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Defense Minister Says Russia-China Not Creating Military Bloc

RUSSIA
  • "We, unlike some aggressive Western countries, do not create military bloc. Relations between Russia and China are an example of strategic interaction based on trust and respect," Interfax report Defense Minister Shoigu as saying at a meeting with the Chairman of the Central Military Council of the People's Republic of China. “I am convinced that today’s meeting will be another step towards deepening multidisciplinary ties between our countries and military departments," he added.
  • Russia’s oil product exports are starting to recover on the back of bigger fuel oil and jet fuel flows, Bloomberg report, after diesel restrictions and seasonal maintenance curbed shipments in recent months. The country’s oil-product exports totalled almost 2.5m barrels a day in the week to Nov 4, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s the biggest weekly amount since September.
  • The Bank of Russia publishes official reserve assets for October at 1300GMT/1600 local time. CPI data is the highlight on the local data slate this week on Friday (Est: +6.70% y/y; Prior: +6.00%).

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