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Prime Minster Mishustin Expected to Meet President Xi and Premier Li Qiang

RUSSIA
  • Prime Minister Mikhail Mishustin is in China today, where he is scheduled to meet with Chinese President Xi Jinping and Premier Li Qiang. Cooperation in industry, energy, transport infrastructure, agriculture and other areas will be discussed, with the leaders planning to sign a number of bilateral agreements after negotiations.
  • At a Russia-China business forum in Shanghai on Tuesday, Mishustin said his nation’s farmers were ready to significantly increase agricultural exports to China, Russian news agency Interfax reported. Mishustin added that China trade had helped Russia decrease its “dependence on the dollar.” That effort had also been bolstered by increased trade in the two national currencies, he said.
  • Looking ahead, PPI data is the key release of the week on Wednesday, with markets expecting a 13.7% y/y drop in April (Prior: -10.7%). Weekly CPI data is also on the docket tomorrow.

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