How NVIDIA climbed to the top of the stock market, AP Explains

Reuters Russia-China trade options have narrowed since the U.S. imposed sanctions last week on the only Russian bank branch in China, but President Vladimir Putin’s Chinese visit last month has helped ensure the two countries have payment alternatives for now, three sources said. Since Putin’s visit, specially authorised banks have been set up in border regions which allow Russian firms to open non-resident accounts (NRA) with Chinese banks, a step that has become more important since VTB’s Shanghai branch was targeted with sanctions, they told Reuters. Trade between Russia and China ballooned to a record $240 billion in 2023.