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Xi Vows to ‘Amplify’ Cooperation with Russia

RUSSIA
  • Chinese President Xi Jinping vowed to “amplify” ties with Moscow during a meeting with Russian Prime Minister Mikhail Mishustin, Bloomberg report. The Chinese leader said the “robust resilience” of their cooperation was demonstrated by bilateral trade hitting its annual goal of $200 billion last month, according to the state-run China Central Television. “Maintaining and developing China-Russian relations well is a strategic choice made by both sides on the basis of the fundamental interests of the two peoples,” Xi said.
  • Russia’s oil product exports have surged this month, Bloomberg report, buoyed by higher diesel and naphtha outflows as local refiners scale up operations. Shipments from Russia averaged 2.4 million barrels a day in the four weeks through Dec. 17, according to data compiled by Vortexa Ltd. That’s the highest volume since mid-September.
  • President Putin takes part in a Council of Legislators meeting. Foreign Minister Lavrov visits Morocco. PPI and weekly CPI data will cross at 1600GMT.
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