- China has stepped in to offer assistance to Russia as Vladimir Putin pursues support for the ruble without further depleting foreign-exchange reserves.
- China will prop up its neighbor if needed and expand a currency swap between the two nations, increasing use of yuan for bilateral trade.
- The ruble strengthened 5% against the dollar today amid the signs of Chinese support.
- ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL