Russia and China deepen ties with new economic deals

(From Reuters)

Russia and China signed a $25 billion deal to boost Chinese lending to Russian firms and a host of other accords deepening economic cooperation on Friday as Moscow’s ties with the West fray over the Ukraine crisis.

Russian President Vladimir Putin and Chinese leader Xi Jinping hailed their countries’ improving relationship after Kremlin talks and a signing ceremony on the eve of a military parade marking the end of World War Two in Europe.

Xi is among about 30 foreign dignitaries attending the anniversary events in Moscow but the Red Square parade is being shunned by Western leaders in a show of displeasure over Moscow’s role in the conflict in Ukraine.

In a further sign of Moscow’s eastward shift, China and Russia are due to hold joint naval exercises next week in the eastern Mediterranean and Chinese soldiers will take part in Saturday’s military parade. Read more



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