Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
“As for trade and economic restrictions, damage from this will eventually be borne primarily by those who are conducting such policies,” Putin said at a meeting with Chinese Vice-Premier Zhang Gaoli.
The meeting was held after Putin launched the construction of the Power of Siberia gas pipeline intended to pump natural gas to China under a $400 billion contract signed between Gazprom and China’s CNPC for a period of 30 years.
“I hope that common sense will take the upper hand and all of us will enter a normal regime of cooperation,” Putin said.
The Chinese vice-premier said he supported this position. “I want to stress that the Chinese side is categorically against US and western sanctions on Russia, against ‘color revolutions’ and against the attempts to restrain Russia’s development,” he said.
“We’ll do everything we can to provide all you need and our cooperation is expanding considerably, including trade in agricultural products,” the Chinese vice-premier said.
A recent summit of the European Union gave the European Commission a week to elaborate extra sanctions against Russia. On Monday, Australian Prime Minister Tony Abbott announced his country’s plans to impose additional sanctions on Russia. He said these extra sanctions would include restrictions on exports of armaments, on access of Russian state-owned banks to Australia’s markets of capital, measures to prevent exports of goods and services used in intelligence activities and in oil production in Russia, and restrictions in trade and investments in Crimea.