China ready to help Russia says foreign minister

Chinese Foreign Minister Wang Yi said Monday that China is ready to help Russia overcome its economic difficulties.

Beijing is willing to help Moscow and believes that Russia “has the ability and the wisdom to overcome the current economic difficulties,” the minister was quoted as saying by the South China Morning Post.

Wang did not outline any specific measures, according to the newspaper.

Last week, China’s Minister of Commerce Gao Hucheng stated that China could increase the use of yuan in trade with Russia amid falling ruble rates.

Russia has seen a rapid depreciation of its national currency in recent months due to falling oil prices and sanctions imposed by the West over Moscow’s alleged involvement in the Ukrainian crisis.