Business
Germany blames Moscow for worsening ties with Beijing
China’s ties with Russia have led to a decline in economic relations between Brussels and Beijing, German Vice Chancellor Robert Habeck says
Chinese premier refuses to meet German vice chancellor – Welt
German Vice Chancellor Robert Habeck has reportedly failed to secure a meeting with Chinese Premier Li Qiang during his trip to China
Beijing warns EU of possible trade war
The European Union continues to deliberately undermine bilateral economic cooperation, according to China’s commerce ministry
US puts Japan on currency manipulation watch list
The US Treasury has added Japan to its foreign exchange monitoring list for potentially unfair practices
Japan slaps sanctions on Chinese firms over alleged Russia links
The Japanese Foreign Ministry has unveiled sanctions on China-based firms over alleged support for Russia in the Ukraine conflict
More than half of Russia-Vietnam trade conducted using the countries’ currencies – Putin
Moscow and Hanoi have been diverting bilateral trade away from “widely discredited currencies,” according to the Russian president
Russia-EU trade dips to near 25-year low – data
Bilateral trade between Russia and the EU has dropped to its lowest level since 2000 amid Western sanctions, according to a report
US puts part of key Russia tax treaty on ice
Washington has announced the suspension, by mutual agreement, of the 1992 tax convention with Moscow
Russia’s largest private lender expanding to China – Bloomberg
Major Russian lender Alfa Bank is set to open offices in Beijing and Shanghai
EU to challenge US and China in trade – competition chief
The European Union will continue looking for ways of competing equitably with its economic partners, Margrethe Vestager has insisted
Ukraine on the brink of default – Reuters
The government needs an agreement with foreign bondholders by August on a multi-billion-dollar debt restructuring
China beating US in nuclear energy – report
The Asian superpower’s civilian nuclear sector is more than a decade ahead of the US, an American think tank has declared
Russia surpasses US in gas supplies to Europe – FT
In May, gas imports from Russia to Europe exceeded those from the US for the first time in almost two years
UK falls in line with US sanctions on Russia
The latest measures are aimed at disrupting Moscow’s ability to circumvent the Western oil price cap, according to a statement
Yuan to replace dollar as Russia’s main foreign currency – Central Bank
The renminbi has surpassed the US dollar to become the most traded currency with the ruble in Moscow, according to Russia’s central bank
Do the new US sanctions mark Russia’s final divorce from the dollar?
Western currency trade restrictions are pushing Russia closer to China