Chinese President Xi Awards Putin Friendship Medal, Pledges Support

US trade tariffs are economic sanctions in disguise says Putin

US trade tariffs are economic sanctions in disguise says Putin

Putin described the U.S. pullout from the nuclear deal as a "unilateral and illegal move" and declared Moscow will negotiate with other parties to the deal to keep it intact, Fars reported.

Russian President Vladimir Putin became the first recipient of China's friendship medal on Friday, with Chinese President Xi Jinping calling the foreign leader his "best, most intimate friend".

Speaking during a summit of the Shanghai Cooperation Organization in Qingdao on Sunday, Putin emphasized that the bloc members are anxious about the USA move.

"If I can get the president to actually realise that what he's doing is counterproductive for his own goals as well, perhaps we can move forward in a smarter way", Trudeau said.

Founded in 2001, the SCO also includes the former Central Asian Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

Warning that "unilateralism, trade protectionism and a backlash against globalization are taking new forms", Xi spoke up for the "pursuit of cooperation for mutual benefit". Standing before a serene seascape painting, he hailed the bloc's guiding "Shanghai spirit", which "focuses on seeking common ground while setting aside differences and pursuing mutually beneficial cooperation".

"We have always been clear that we should engage with Russian Federation".

The SCO gathering comes as US President Donald Trump meets America's closest allies in Canada for a two-day G7 summit, which concludes Saturday. It also recently kicked off a trade investigation that could trigger additional tariffs on imported cars. "It has a significant importance for the entire world's economy", Putin noted.

Pakistani President Mamnoon Hussain and the prime minister of arch-rival India, Narendra Modi, are also in attendance.

Hotels were emptied of all regular customers and banned from selling beer, providing razors or even metal dining knives to journalists.

Putin says Washington's decision to exit the agreement could "destabilize the situation" in the region.

He has also refused to condemn the Russian strongman over the Kremlin's interference in the USA presidential election, at one point suggesting he trusts Putin's denials of wrongdoing over the findings of his own intelligence agencies.

He added: 'We will be ready to greet them all in Moscow'.

"Both share scepticism towards American hegemony and distrust United States intentions, both are authoritarian personalistic rulers", he said.

The suspension was supported by the other members of the group, including the US, Canada, Japan and four European nations. "I see this as an acknowledgement and an evaluation of Russia's efforts to develop a comprehensive strategic partnership with China", he said, making only passing mention of "our personal friendship".

His fiery Twitter rant came after a joint press conference late on Thursday, where Macron said: "A trade war doesn't spare anyone".

Ahead of the annual meeting of G7 leaders, Trump said Russian Federation should be allowed back, a suggestion quickly rejected by Britain, France and Germany. The two heads of state stepped onto the stage, and the national anthem of China was played.

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