‘Shanghai Cooperation Organization expands, commands respect worldwide’ – Putin to Xinhua
President of Xinhua News Agency Cai Mingzhao:Mr. President,
I am greatly honored and pleased to have this opportunity to interview you in your hometown prior to your visit to the People’s Republic of China.
First of all, I would like to express on behalf of the Xinhua Agency our sincere respect.
President of Russia Vladimir Putin: Thank you.
Cai Mingzhao:With your – and President of the People’s Republic of China Xi Jinping’s active involvement and support Chinese-Russian relations have already reached an extremely high level.
I would like to ask you some questions, if I may.
Last year, you met with the Chinese President five times. With your engagement and assistance, as well as through the efforts made by you and Mr. Xi Jinping Chinese-Russian collaboration has been constantly deepening and enhancing.
In your opinion, what areas of cooperation between Beijing and Moscow would you describe as priority ones at the moment? What areas are to be developed in the future? And what do you think of the expectations related to your upcoming visit to China?
Vladimir Putin: In fact, you already defined our relations when you said they were at a very high level.
I would now draw the attention of our readers to two dates. 25 years ago, we announced the launch of new relations, those of strategic partnership, and 15 years ago, we signed a friendship and cooperation treaty. Since then, hard work has been done resulting in an unprecedented level of mutual trust on which our collaboration is built.
As we had never reached this level of relations before, our experts have had trouble defining today’s general state of our common affairs. It turns out that to say we have strategic cooperation is not enough anymore. This is why we have started talking about a comprehensive partnership and strategic collaboration. “Comprehensive” means that we work virtually on all major avenues; “strategic” means that we attach enormous inter‑governmental importance to this work.
You mentioned my interaction with the President of the People’s Republic of China. This is very true. Of course, our joint work, work at this level gives positive momentum to our relations. At our level, we discuss the key strategic aspects of our cooperation.
Mr. Xi Jinping devotes much of his personal attention to the development of Russia-China relations. He is a very good friend and a reliable partner.
Nonetheless, our efforts alone would have been insufficient for the successful development of ties between Russia and China. Naturally, this called for the establishment of a mechanism to ensure cooperation between the governments of the Russian Federation and the People’s Republic of China. The heads of Governments of both states hold regular meetings. Over two dozen subcommittees – I believe there are 26 of them – and intergovernmental commissions have been created and are operating very effectively and intensely. It is not always possible to agree on complex matters from the outset, but we address all the issues, however complex they might be, with the common goal in mind of fostering our cooperation – and we always find solutions.
The existing problems in the world economy have also had an impact on our collaboration, leading to a certain drop in the total trade turnover, but we are convinced that it is a temporary phenomenon resulting from the current situation with certain goods and the exchange rate.
Nevertheless, we manage to settle the key issues. We manage to take major steps to improve our trade structure.
Dec 23, 2014 @ 06:58
ZIONIST ISRAEL IS AFRAID OF CHINA AND RUSSIA AND AS USUAL USE AMERICA POWER TO BRING RUSSIA DOWN FIRST AND THE NEXT CHINA!!
THEY CAN DREAM ON DO YOU THINK THE CHINESE AROUND THE WORLD WILL ALLOW ZIONIST DEVILS TO DO SO, I WILL BE THE FIRST CHINESE TO STOP THEM!!
SHARON SAID NOT TO WORRY ABOUT AMERICA, SO WHY YOU EVIL ZIONIST ISRAEL NO BALLS AND ARE SUDDENLY RUNNING TO AMERICA FOR MERCY AND PROTECTION!
But Israel’s strategic affairs minister, Yuval Steinitz, told reporters: “I assume an anti-Israeli proposal will draw a US veto. That’s how it’s always been, and that’s what we hope will happen.”
YOU EVIL ZIONIST JEWS HAVE TAKEN AMERICA FOR GRANTED FOR FAR TOO LONG! THIS WORLD IS IN CONSTANT WARS BECAUSE YOU HAVE TAKEN FOR GRANTED THAT YOU OWN THE WORLD, AND SEEING THE RISE OF CHINA AND RUSSIA IN THEIR ECONOMIC STRENGTH YOU KNOW YOUR GRAND PLAN TO CONTROL OUR ONE WORLD WILL FALL APART THAT IS WHY YOU ARE ALL OUT TO BRING RUSSIA DOWN BY FORCING AMERICA THROUGH CONGRESS FOR MORE SANCTIONS!
BUT THE REAL AMERICANS, GOOD JEWS AND THE WORLD ARE WAKING UP TO WHAT EVIL DEVIL SCUM YOU REALLY ARE, ESPECIALLY AFTER OPERATION PROTECTIVE EDGE!! YOU BLOODY BLOOD THIRTY DEVILS PROTECT FROM WHAT? IT IS GENOCIDE IN BROAD DAY LIGHT AND YOU STILL EXPECT AMERICA AND EU TO ACCEPT YOUR EVIL ACTS THAT HAD BEEN SEE BY THE REST OF THE WORLD! YOU MUST BE LIVING IN A DIFFERENT WORLD OR IN THE PAST!!
YOU HAVE USED AMERICA LIKE TOILET PAPER; WHEN YOU NEED THEM TO PROTECT YOU, YOU ARE AMERICA’S “FRIEND”, BUT IF YOU DON’T NEED THEIR STRENGTH, YOU WIPE YOUR ASS WITH THEIR SUPPORT OF YOU. ZIONIST DEMONS, YOU ARE LIKE THE BULLY THAT IS ACTUALLY A COWARD; WHEN YOU ARE CONFRONTED YOU GO RUNNING TO AMERICA TO PROTECT YOU FROM BRAVE PEOPLE WHO DEFY YOUR INTIMIDATION!
China Offers Russia Help With Currency Swap Suggestion
Tue, Dec 23, 2014, 1:50AM EST
Two Chinese ministers offered support for Russia as President Vladimir Putin seeks to shore up the ruble without depleting foreign-exchange reserves.
China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying in Bangkok in a Dec. 20 report by Hong Kong-based Phoenix TV. Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia, according to the broadcaster.
While the offer won’t relieve the main sources of pressure on the ruble — capital outflow tied to plunging oil prices and sanctions linked to Russia’s annexation of Crimea from Ukraine – – the currency gained 3.1 percent against the dollar by 12:37 p.m. in Moscow. The Micex Index (INDEXCF) was little changed, and the yield on Russia’s 10-year bond fell 30 basis points to 13.3 percent, according to data compiled by Bloomberg.
“In the current conditions, any help is very welcome,” Vladimir Miklashevsky, a strategist at Danske Bank A/S, said by e-mail. “Yet, it can’t substitute the losses of the Russian banking system and economy from western sanctions.”
Russia, the biggest energy exporter, saw its currency tumble as much as 59 percent this year. Putin asked business leaders last week to report on plans to sell foreign currency revenues and to engage in responsible foreign exchange operations, Vedomosti newspaper reported today. Former Economy Minister Alexei Kudrin said Russia was entering a full-fledged economic crisis.
A Chinese Commerce Ministry news official, who asked not to be named as part of the rules, said his department declined to comment on the Phoenix TV report, and a faxed question to the Chinese central bank went unanswered. President Xi Jinping last month called for China to adopt “big-country diplomacy” as he laid out goals for elevating his nation’s status as the world’s second-largest economy.
“Many Chinese people still view Russia as the big brother, and the two countries are strategically important to each other,” said Jin Canrong, Associate Dean of the School of International Studies at Renmin University in Beijing, referring to the Soviet Union’s backing of Communist China in its first years. “For the sake of national interests, China should deepen cooperation with Russia when such cooperation is in need.”
China and Russia signed a three-year currency-swap line of 150 billion yuan ($24 billion) in October, an agreement that can be expanded with the consent of both parties. The People’s Bank of China published a chart detailing how such an agreement works in a microblog dated Dec. 19 and the official People’s Daily newspaper said today that the explanation was provided to address concerns the nation could suffer losses if Russia used the facility to obtain funds.
“As all we pay out and receive in return are renminbi, we don’t have to bear exchange-rate risks,” the PBOC said in the microblog, using an alternative name for the yuan. The swap amount can be adjusted to allow for changing circumstances and prevailing exchange rates, rather than pre-determined, are used, it said.
China is promoting the yuan as an alternative to the dollar for global trade and finance and the PBOC has signed currency-swap agreements with 28 other central banks to encourage this. The nation’s foreign-exchange reserves of $3.89 trillion are the world’s largest and compare with Russia’s $374 billion.
“Russia is an irreplaceable strategic partner on the international stage,” according to an editorial today in the Global Times, a Beijing-based daily affiliated with the Communist Party. “China must take a proactive attitude in helping Russia walk out of the current crisis.”
Still, “China’s help for Russia will be limited,” the editorial said. While China can offer capital, technical and market support, it can’t address Russia’s economic structure and excessive reliance on energy exports, the editorial said.
China signed a three-decade, $400 billion deal to buy Russian gas earlier this year. Oil imports from Russia hit an all-time high in November, according to China’s General Administration of Customs.
Russia isn’t in talks with China about any financial aid, said Dmitry Peskov, a spokesman for President Putin, on Dec. 20.
Russia wouldn’t be the first country in financial strife to turn to China for support this year. Argentina’s central bank utilized a cross-currency swap with the PBOC to stem a slide in the peso, which dropped 24 percent against the greenback this year as the government defaulted on dollar bonds. The peso has weakened 0.3 percent this month following a similar decline in November.
A similar move by Russia could help stabilize the ruble, according to Jan Dehn, the London-based head of research at Ashmore Group Plc, which manages about $70 billion in emerging-market assets. It would also bolster Chinese efforts to make the yuan a global reserve currency, he wrote in a Dec. 18 report.
More from Bloomberg.com: China Offers Russia Help With Currency Swap Suggestion