Sanctions

China Claims Russia Increasingly Interested in Trade in Yuan

Russian companies have increasingly turned to China and India to sell products originally intended for U.S.-allied markets in recent months due to Western sanctions against Moscow, China’s state-run Global Times reported on Tuesday, noting that these alternative transactions are often settled in local currencies.

100 Chinese Yuan. close up

Zelensky Defends China’s Inaction on Russian Invasion at Davos

Ukrainian President Volodymyr Zelensky said on Wednesday that he is “satisfied” with China’s policy of non-interference against the invasion launched by its ally Russia. Zelensky said he desires closer relations with China even though it has done nothing to protect his country from the devastating Russian assault.

In this image from video provided by the Ukrainian Presidential Press Office, Ukrainian President Volodymyr Zelenskyy speaks from Kyiv, Ukraine, Tuesday, May 10, 2022. (Ukrainian Presidential Press Office via AP)

Russia Seeks Help from India to Contain Sanctions Damage

The Russian embassy in New Delhi last week asked India for help with obtaining certain food supplies blocked by international sanctions imposed after the invasion of Ukraine. The Federation of Indian Export Organizations (FIEO) obliged by arranging a meeting between Indian food and pharmaceutical sellers and Russian buyers.

India's Prime Minister Narendra Modi (L) shakes hands with Russia's President Vladimir Putin during their meeting on the sidelines of the BRICS group leaders sumit in Fortaleza, Brazil, on July 16, 2014. Leaders of the BRICS group of emerging powers ( Brazil, Russia, India, China and South Africa) met today …