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Putin: One Belt project introduces stability to global economy

May 15, 12:59 UTC+3

Vladimir Putin comments on global economic situation

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Russia's President Vladimir Putin and China's President Xi Jinping at the One Belt, One Road forum in Beijing

Russia's President Vladimir Putin and China's President Xi Jinping at the One Belt, One Road forum in Beijing

© Alexei Nikolsky/Russian Presidential Press and Information Office/TASS

BEIJING, May 15. /TASS/. Internal political struggle in the US, Brexit and other issues create nervousness in the world economy while the One belt project brings stability, Russian President Vladimir Putin said at a press conference as part of the Belt and Road international economic forum in Beijing.

"In the United States, as we see, sharp internal political struggle continues, which creates certain nervousness not only in politics, but also in the economy. In the European Community, everyone is anxiously watching what Brexit will be like, how it will take place, what the results of it will be. The European Union, as you know, also has a lot of problems within its countries. Of course, today any signals that would give hope for some kind of stability are in big demand," Putin said.

According to him, in this respect, China’s the Belt and Road initiative is very timely.

"On the so-called sidelines (the forum) we discussed it with colleagues, shares our assessments of what is happening here in Beijing. Almost everyone said the following: we see a growing number of components of uncertainty in the largest, leading political and economic centers," the President said.

He noted that the meeting’s participants intend to develop the format of the forum.

"This is not a Chinese initiative, but an initiative of the participants of today's meeting, it implies holding such an event on a permanent basis. Our presiding Chinese President, Mr. Xi Jinping, announced that the next meeting in such a format will be held in 2019," Putin said.

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