Putin underlined his willingness to continue and strengthen military and technical cooperation. “Ready to increase strategic cooperation with Russia,” Jinping said. “We aim to strengthen the interaction between the Russian and Chinese militaries,” said the Kremlin leader, who invited Xi Jinping to Moscow next spring and predicted 25% growth in Russia-China trade turnover by the end of 2022 .
The ruble shows growth against the dollar and Euro
The ruble shows steady growth against the dollar and the euro in the last trade of the year and before the long holiday weekend. The dollar stood at 69.5 rubles at 15:00 Moscow time, which is 2.68 rubles lower than the closing level of previous trading. The euro amounted to 74.08 rubles, having decreased by 1.95 rubles. The cost of the dual currency basket – 0.55 dollars and 0.45 euros – decreased by 2.35 rubles – to 71.56 rubles. The yuan fell by 38.1 kopecks to 9.8 rubles.
The ruble moved higher on Friday in a tense 2022 deadline, leaving behind concerns about the impact of the Western ceiling on the price of Russian oil exports. The European Union has set a goal of ending Russia’s dependence on fossil fuels by 2027, part of broader Western sanctions against Russia following the war in Ukraine. In March, Russian President Vladimir Putin asked to receive the price of exported gas in his country’s currency as a countermeasure against Western sanctions. According to the Reuters news agency; The value of the ruble, which had lost nearly 11% since the imposition of a price cap on Russian oil exports on Dec. 5, rose 3.5% against the dollar, from 72.9175 to 69.58 by midday on Fridays.
