China's President Xi invited Russian President Putin to visit to China in the first half of this year, Putin accepted; Putin and Xi talked for 1.5 hours; Putin informed Xi on his talks with Iran's Larijani, Interfax reports

• Kremlin says Russia and China have similar approach to US.

This development signals a strengthening of ties between Russia and China, particularly against a backdrop of U.S. relations. The notable 1.5-hour conversation between Putin and Xi indicates ongoing discussions that could lead to coordinated strategies, especially in energy and geopolitical stances. Traders should monitor how this relationship may affect commodity prices and currency dynamics, especially in the context of U.S. sanctions and global energy markets.