A US official cited by Reuters says:
Watching outcome of upcoming Putin-Xi meeting in RussiaExpects trend of deepening support between China and Russia to continueSees indications that China and Russia are feeling the pressure of sanctions and trying to circumvent themUS issues new sanctions on two Chinese entities that help produce military goods for Russia to use in Ukraine
That will be an interesting meeting to watch. I suspect that the harder the US tries to hit China, the further China will go to help Russia.
This article was written by Adam Button at www.forexlive.com.
