Russian President Vladimir Putin gives a press conference following the 18th Summit of the Shanghai Cooperation Organization (SCO) in Qingdao, China.
At the SCO summit, Moscow and Beijing again expressed their hopes for a high level of bilateral cooperation, Russian President Vladimir Putin told reporters at a follow-up press conference, emphasizing the importance of such a stance.
“We have reiterated the very high level of our relations with China. We have agreed, and we have signed [with China] a declaration on further cooperation in the political domain, and in the fight with various threats. This reiteration [of cooperation] is very important,” Putin said regarding the results of his visit to China.
The Russian president noted that in the economic area, Chinese-Russian bilateral trade saw significant growth in the first quarter of 2018.
“I am sure that if such level of development in this area is maintained, our bilateral trade could reach $100 billion this year,” Putin suggested.
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The combined purchasing power of the Shanghai Cooperation Organization is greater than that of the G7, Putin said.
“The very fact that we confirm the high level of our interaction and talk about the need for its development, in my opinion, is of great importance, for contemporary international relations, for Russian-Chinese relations,” he said.
Answering questions about the G7, the…
