RT.com
05 Dec 2022, 19:43 GMT+10
Mikhail Mishustin has expressed confidence the Moscow-Beijing partnership will prevail in today's new geopolitical reality
Western countries using illegitimate means to bully others into playing by their rules are ultimately doomed to fail, Russian Prime Minister Mikhail Mishustin said during a video conference with Chinese Premier Li Keqiang on Monday.
"The global world order is undergoing a serious transformation," Mishustin observed, adding that some Western countries have decided to use illegitimate economic sanctions, restrictions and political pressure in an effort to impose their own rules, while completely dismissing the interests of other nations.
"Such attempts are doomed to failure," the prime minister remarked.
He went on to state that Russia's strategic partnership with China, on the other hand, was bound to succeed and would "reveal its great creative potential" in the changing geopolitical landscape. His comments came at the 27th annual meeting between heads of government from Moscow and Beijing.
Mishustin also said Russia was willing to fulfill all of its contractual obligations related to energy deliveries to China and is ready to work on new and more extensive projects in that sphere.
Previously, Russia and China had agreed to conduct energy transactions using national currencies instead of the US dollar. Nearly half of all trade between the two countries is now done using the Russian ruble or the Chinese yuan, Mishustin announced.
He stated that this is "precisely" how trade should be done according to the logic of sovereign economic and financial policies in a multipolar world.
The prime minister reported that in the past ten months, trade between Russia and China had reached double-digit growth rates and has increased by nearly a third, approaching $150 billion, and is projected to exceed $200 billion in the near future.
While Beijing has expressed reservations about Moscow's military campaign against Kiev, it has maintained a largely neutral stance on the conflict and has refused to join Western sanctions on Russia. Chinese diplomats have continued to call for a peaceful resolution and have criticized the West's efforts to pump more weapons into the region, arguing it only serves to prolong hostilities.
Meanwhile, Chinese Foreign Minister Wang Yi declared last month that Beijing is ready to work with Russia and "other like-minded countries to promote the development of a multipolar world."
(RT.com)
Get a daily dose of Breaking Property News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.
More InformationMILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
NAIROBI, July 4 (Xinhua) -- Chinese contractors are helping advance Kenya's construction sector by transferring technologies, the industry...
BERLIN, July 1 (Xinhua) -- Germany's housing market showed strong signs of recovery in the first quarter of 2025, with residential...
Riverside sheriffs office disses juries and county taxpayers
Olson- Erin Murphy wades through grief with lessons learned from Melissa Hortman
Counterpoint- What No Kings protests are actually about