China and Russia to announce joint trade pact on new currency: China

China and Moscow will announce joint trading deals for a new currency on Thursday, after months of tense negotiations, the first sign that the two countries have found common ground on the issue.

Russian President Vladi­mir Putin is expected to announce the pact during a trip to China this week, a senior Russian foreign ministry official said.

The announcement is a rare signal of cooperation between Moscow and Beijing in a region where both nations are seen as key players in the global economic system.

China is a major global trading partner of Russia, and Russia has been trying to deepen ties with China for years, including a plan to develop an advanced pipeline to link China with Europe.

Russia and China signed an agreement in November to begin joint construction of a pipeline to transport Russian gas to Europe by 2021.

But the agreement is far from complete, and it is unclear if the Russian-Chinese agreement will be ratified by Russia’s Parliament.

On Wednesday, Putin and Chinese President Xi Jinping signed a joint statement announcing the agreement.

“The two sides will continue to develop cooperation in trade and investment,” the statement said.

In December, Putin said his country will allow foreign companies to conduct joint business with Russian banks and finance services, including the introduction of its own bitcoin currency.

Putin and Xi also announced a joint initiative to create a “golden circle” of development projects.

The project is to develop the country’s mineral wealth by establishing a new mine in the Siberian region of Abkhazia.

The development of the Abkhadru mine is a step toward boosting Russia’s economic position and diversifying its energy resources, a project Putin has said could help the country become a “super power.”

But Russia has repeatedly said that it would not invest in Abkhadra and has said it wants to maintain a balanced energy supply.

China, meanwhile, has long sought to bolster its own economy with an expansive, low-carbon and clean-energy economy.

Last month, the government said it would buy U.S. oil futures from BP to help fund its domestic demand.

The agreement to start joint trading for the new currency is likely to be seen as a signal that Moscow and China have reached a new agreement on the future of the ruble, a currency that has been used by the two nations for more than a decade.

In a statement released Tuesday, Putin called the agreement a “historic moment for our relations with China.”

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