“Isolated”? China Officially Offers Help To “Irreplaceable Strategic Partner” Russia

by Tyler Durden
ZeroHedge.com
12/22/2014

Just a week ago we detailed how China was preparing to bailout Russia’s liquidity crisis via the 150 billion yuan swap line the two nations agreed in October. Today, as Bloomberg reports, we got confirmation as two Chinese ministers offered support for Russia. China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying; and Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia. The Global Times (mouthpiece for the Comunist Party) wrote in an editorial this weekend, “Russia is an irreplaceable strategic partner on the international stage.” Isolated?

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This entry was posted on Monday, December 22nd, 2014 at 1:22 pm and is filed under China, Economics, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.