Published: Mon, June 11, 2018
Worldwide | By Stella Potter

Russia And China Boost National Currencies Trade

Russia And China Boost National Currencies Trade

He said he did not discuss a possible meeting venue with Trump but "many" countries including Austria were keen to help in organizing such a summit.

"As for the United States' illegal walkout from these agreements, a far more serious and important dialogue between our countries is required", TASS quoted Rouhani as saying.

The leaders of China and Russia Sunday praised the expansion of their regional security bloc at a summit which put on a show of unity contrasting with the acrimonious G7 meeting.

"I agree with him, and to have a meaningful discussion, our ministries of foreign affairs and experts should get involved and work closely together, and of course a meeting in person is necessary", Putin told reporters at the Shanghai Cooperation Organization Summit in Qingdao, China.

Senator Bernie Sanders lashed out at President Donald Trump for his behavior at the two-day G7 summit held in Canada this week. I have been Russia's worst nightmare.

"We think North Korea will be a tremendous place in a very short period of time", President Trump said at a press conference at the G7 meeting in Canada on Saturday.

"Now, I love our country".

As trade grows, the two countries are promoting settlements in ruble and yuan, bypassing the United States dollar and other Western currencies. "Back in the day, colleagues refused to come to Russian Federation due to certain reasons".

The Chinese president said the three countries should push the construction of the China-Mongolia-Russia economic corridor, actively explore cooperation in areas such as infrastructure interconnectivity, and promote sub-regional cooperation in adjacent areas of the three countries.

"I see this as an acknowledgement and an evaluation of Russia's efforts to develop a comprehensive strategic partnership with China", he said.

The U.S. and its European allies have imposed sanctions against Russian Federation since 2014, when the Crimean Peninsula voted in a referendum to separate from Ukraine and reintegrate into Russian Federation. Even as the scope of the breakdown over U.S. tariffs became clear, Xi was taking the podium to criticize what he said were new forms of "unilateralism" and "protectionism".

"For Putin, this is return on his investment, and it's safe to say that his investment has paid off beyond even his wildest dreams".

Putin noted that Russian Federation and China have emphasized the need for talks to reduce tensions.

Trump's attempts to include Russian Federation into the group has raised suspicions because the intelligence agencies in the USA have confirmed that Russian Federation meddled in the 2016 election, which eventually helped Trump win.

Mr Putin said Washington's decision to exit the agreement could "destabilise the situation" in the region. The latter now includes the United States, Canada, Japan, Britain, Italy, France and Germany. At this point it's hard to justify adding Russian Federation to the G-7 when we aren't adding an ally like South Korea, not to mention China, India or Brazil, since they all have larger and more globally significant economies than Russian Federation does.

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