Russian President Vladimir Putin sees economic support from pivot toward China. UPI/Lan Hongguang/Pool “We inspected the financial status of Rosneft recently and didn’t find any problems there whatsoever,” he told Russian news agency ITAR-Tass. “[There are] simply no financial problems.” Western sanctions imposed in response to the Kremlin’s position on crises in Ukraine have damaged the Russian economy. An annual report from the European Commission said the Russian economy was entering a period of stagflation and Russia’s currency is trading a historic lows against the U.S. dollar. Low oil prices for a Russian economy dependent on exports are exacerbating an already problematic situation. Putin said oil company Rosneft is moving closer to its Chinese counterparts . For Russia as a whole, the president said he was making arrangements to sell oil using the Chinese currency. In turn, Chinese partners may issue loans to support bilateral activity. Rosneft is the […]