Video: China lends Russian oil $25 billion

China lends Russian oil companies $25 billion in exchange for 20 years of oil from their new East Siberian oilfields. Cash-rich and energy-hungry China is lending the money for Russia to invest in its oil infrastructure as Moscow faces its first recession in a decade.

Watch now:

Watch more from the markets now:

Bookmark Market News Live and drop back whenever you need to stay ahead of today's markets.