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Russia signs deal with China to weather sanctions

Energy,trade and finance agreements also attest to the strenghtening of ties between the two giants

Published Mon, Oct 13, 2014 · 09:50 PM

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Moscow

RUSSIA and China signed energy, trade and finance agreements on Monday proclaimed by Moscow as proof that a policy turn to Asia is bearing fruit and will help it to weather Western sanctions over the Ukraine crisis.

The 38 deals, signed on a visit to Moscow by Premier Li Keqiang, allow for deeper cooperation on energy and a currency swap worth US$25 billion intended partly to reduce the sway of the US dollar.

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