China pledges to help Russia overcome economic hardships

China pledges to help Russia overcome economic hardships

China’s foreign minister has pledged support to Russia as it faces an economic downturn due to sanctions and a drop in oil prices. Boosting trade in yuan is a solution proposed by Beijing’s commerce minister.

Russia has the capability and the wisdom to overcome the existing hardship in the economic situation,” Foreign Minister Wang Yi told journalists, China Daily reported Monday.

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