CHINA'S JUNE EXPORTS TO RUSSIA RISE MORE QUICKLY THAN IN PREVIOUS MONTH

China's yuan-denominated exports to Russia grew 4.76% in June from a year earlier, faster than the 0.92% pace in May, but still much slower than double-digit export growth at the beginning of the year.

China's outbound shipments to Russia fell in March and April before swinging back to growth in May. Even though the United States imposed sanctions in June on the only Russian bank branch in China, President Vladimir Putin visited China in May and helped ensure the two countries have payment alternatives. However, China's overall imports from Russia fell 6.7% in June in yuan terms, a bigger pace than the 2.2% fall in May.

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