US says watching upcoming Putin-Xi meeting, expects to see deeping of support

A US official cited by Reuters says:

• Watching outcome of upcoming Putin-Xi meeting in Russia
• Expects trend of deepening support between China and Russia to continue
• Sees indications that China and Russia are feeling the pressure of sanctions and trying to circumvent them
• US issues new sanctions on two Chinese entities that help produce military goods for Russia to use in Ukraine

That will be an interesting meeting to watch. I suspect that the harder the US tries to hit China, the further China will go to help Russia.

This article was written by Adam Button at www.forexlive.com.