Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
MOSCOW, May 8 (Xinhua) — China and Russia have firmly opposed unilateral and illegal restrictive measures such as trade and financial restrictions.
Both sides expressed this position in a joint statement between China and Russia on further deepening the comprehensive partnership and strategic cooperation in the new era, which was signed in Moscow on Thursday by Chinese President Xi Jinping and Russian President Vladimir Putin.
As the parties noted, individual countries and their allies apply unilateral and illegal restrictive measures, significantly increase customs duties and use other non-market means of competition, which has a negative impact on the global economy, undermines fair competition and hinders international cooperation in overcoming common challenges facing all of humanity.
Both countries condemned the cynical actions bypassing the UN Security Council, which violate the UN Charter and international law, obstruct the administration of justice and violate the rules of the World Trade Organization (WTO).
China and Russia will continue to work together to counter the downward pressure on the global economy and promote the participation of more countries in the Global South in international and regional trade.
China and Russia are willing to actively promote an open, inclusive, transparent and non-discriminatory multilateral trading system with the WTO at its core, support efforts to update WTO rules, and promote trade and investment liberalization and facilitation. –0–