China to Reopen Bond Market to Russian Energy Firms, FT Says
According to the Financial Times report, China is planning to reopen its domestic bond market to major Russian energy companies. This move indicates a strengthening of economic and diplomatic ties between China and Russia. The decision comes amidst the ongoing Russia-Ukraine conflict, which has led to various sanctions imposed on Russian entities by Western nations. The report suggests that China's decision to allow Russian energy firms to access its bond market could provide a crucial financial lifeline for these companies, which have been largely cut off from international capital markets. This move by China is seen as a strategic move to bolster its relationship with Russia and potentially offset the impact of the sanctions imposed by Western countries on the Russian economy.
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