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Reading: Glad to see warming US-Russia ties, Xi Jinping tells Putin as China defends Russian oil imports
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StockWaves > Business > Glad to see warming US-Russia ties, Xi Jinping tells Putin as China defends Russian oil imports
Business

Glad to see warming US-Russia ties, Xi Jinping tells Putin as China defends Russian oil imports

StockWaves By StockWaves Last updated: August 8, 2025 3 Min Read
Glad to see warming US-Russia ties, Xi Jinping tells Putin as China defends Russian oil imports
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Chinese language President Xi Jinping, in a cellphone name on Friday, advised Russian counterpart Vladimir Putin that he’s glad to see the US and Russia speaking, reported information company Bloomberg.

US President Donald Trump mentioned he could be prepared to fulfill Putin, even when the Russian president hadn’t but agreed to additionally sit down with Ukrainian President Volodymyr Zelenskiy.

Signalling his curiosity in brokering a peace deal within the Russia-Ukraine battle, Trump mentioned: “I’ll do no matter I can to cease the killing.”

In a cellphone dialog, Xi set out Beijing’s place on Ukraine to Putin, describing it as a set of complicated points with no easy options, Bloomberg report mentioned citing Chinese language state broadcaster CCTV.

The event comes shortly after China defended its imports of Russian oil as justified and bonafide, resisting threats of secondary tariffs by the US for any nation that trades with Russia.

“It’s reliable and lawful for China to conduct regular financial, commerce and power cooperation with all international locations world wide, together with Russia,” the Chinese language Overseas Ministry mentioned on Friday in a press release to Bloomberg Information.

“We are going to proceed to undertake cheap power safety measures in accordance with our nationwide pursuits.”

China’s imports from Russia rose in July to $10.06 billion — the very best degree since March. However general this yr, imports from Russia are nonetheless down 7.7% in comparison with the identical interval in 2024, the report mentioned citing the customs information.

When requested about Trump’s feedback on Thursday, Treasury Secretary Scott Bessent advised Fox Information that tariffs on China over oil purchases “might be on the desk sooner or later.”

The US-China ties have steadied after the 2 sides agreed to place sky-high tariffs on maintain as they search to barter an settlement.

Earlier this week, Trump mentioned he was getting “very shut” to a cope with China to increase the commerce truce, which is because of expire on Tuesday.

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