Trade between Russia and China saw a year-on-year surge of 27.7% in the first ten months of 2023, reaching $196.48 billion, according to the latest data released by Beijing’s customs authorities. Chinese exports to Russia soared 52.2% and amounted to nearly $90.08 billion, while imports saw an increase of 12.4% to $106.4 billion.

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The country’s foreign ministers reportedly quarrelled after Annalena Baerbock claimed a key Hungarian bank is a “war sponsor” German Foreign Minister Annalena Baerbock has clashed with her Hungarian counterpart, Peter Szijjarto, over allegations leveled at a leading Hungarian financial institution, Politico reports.