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Russia, China Trumpet Ties
Published on: 2009-06-18
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Russia and China trumpeted their fast-growing bilateral trade and investment as symbols of a closer political relationship, following wide-ranging talks between the countries' two presidents. The two countries have signed energy deals valued at a record $100 billion this year, and the Russia's economy ministry said that China overtook Germany and the Netherlands as Russia's biggest trading partner in the first four months of 2009. In a joint statement, the two leaders called for a greater role for emerging economies on the world financial stage and a bigger use of national currencies in bilateral trade. The two leaders also expressed serious concern about the tension on the Korean peninsula and urged North Korea to return to six-nation talks on its nuclear program. China and Russia have used their status as veto-wielding permanent United Nations Security Council members to soften Western-backed sanctions against North Korea in the past, but they approved new punitive measures this month after expressing strong concern over the North's recent nuclear test and missile launches.
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