China Ignores EU, Offers To Help Russia [View all]

[Purveyor]

BRUSSELS - China has joined India in helping the Russian economy, but closer to home Belarus and Kazakhstan are hedging their bets on future relations.

Chinese foreign minister Wang Yi said in China Daily, a state mouthpiece, on Monday (22 December): “Russia has the capability and the wisdom to overcome the existing hardship in the economic situation. If the Russian side needs, we will provide necessary assistance within our capacity”.

China Daily noted that Russia has “hundreds of billions of [US] dollars” in its foreign reserve fund and is far from collapse.

It added that China is ready to offer loans and investments in infrastructure projects, with a new Russia-China gas pipeline, a deep-water port in Crimea, and railway schemes in Russia’s Far East under discussion.

The Chinese statement comes after India, earlier this month, bought 12 nuclear reactors from Russian firm Rosatom and launched joint production of military helicopters.

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http://euobserver.com/foreign/127036