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Quote by Vladimir Putin

“We spoke about economic sanctions only recently in Lima, within the framework of APEC. Almost all the leaders represented at APEC (the Asia Pacific region), Pacific countries, spoke about the same thing, namely, that we are going through a very acute crisis in world trade, international trade, related, among other things, to restrictions on the markets of certain countries.”

Quote by Vladimir Putin

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Vladimir Putin is the President of Russia, born on October 7, 1952. Since 2000, Putin has served multiple terms as the President of Russia, profoundly impacting the political, economic, and social development of the country. more

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“However, crisis in world trade is, among other things, the result of using political tools in competition or simply for achieving political objectives with the help of economic restrictions.”

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“[Economic restrictions] is one of the elements that is destabilising the world economic order that was at one time created largely by the United States itself at the dawn of the General Agreement on Tariffs and Trade that was later transformed into the World Trade Organisation.”

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“Take the creation of the Pacific partnership or the creation of the Atlantic partnership. We are somewhat concerned because this is being done bypassing the World Trade Organisation, since it has proved impossible to reach compromise solutions with developing economies within the framework of that organisation. Is that good? Not really, in my opinion.”

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“If the world economy is divided into isolated economic blocs of this kind, it will be rather difficult to achieve the same interpretation and application of international rules of economic activity and world trade.”

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“If regional associations are created, they should work on the basis of WTO norms, on the WTO basis.”

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“After all, China is our largest trading partner. As I said, country-wise, Russia trades the most with China. That is my first point.”

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“We have wide-ranging joint projects in the nuclear energy sphere, logistics, machine building and trade as a whole [with China].”

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“We have good joint projects in the helicopter and aircraft manufacturing industry. We are considering cooperation and are actively cooperating in space. There are good prospects there [with China].”

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“The level of our political trust [with China] is also very high. We have similar positions on major international issues or even, as diplomats say, our views are identical. We often have shared positions on key issues of the modern international agenda.”

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“We have very close humanitarian contacts [with China], wide-ranging youth exchanges, educational and regional contacts, and all of them continue to develop.”

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