The global trading system within the world trade organization (WTO) should be maintained, but Washington's actions prevent this. This was stated by the Minister of foreign Affairs of Russia Sergey Lavrov in an interview with the Kazakh news Agency "Khabar", Reported By Free News.
The foreign Minister also noted that in case of trade confrontation between the US and China, Russia will act from the point of view of its own interests "We want this global trading system to remain open, to be maintained at all. Of course, this is not facilitated by the actions of Washington, which has already redrawn the North American free trade zone and abandoned the TRANS-Pacific partnership. What will come in return, it is very difficult to say", he said.
The Minister stressed that in the event of a trade confrontation between the US and China, Russia will act in terms of its own interests and that "trade wars, even if they participate, do not bring benefits to anyone." "We care about the economic interests of the Russian Federation and our partners in the integration Association "Eurasian economic Union", - said the head of the Russian foreign Ministry.
He recalled that China remains Russia's leading trade partner, and the volume of trade this year is approaching $100 billion. "we have partners in the European space, in the European part of our common continent, in the Eurasian economic Union. A partner like Iran, too, is subject to very strict us sanctions, said Lavrov. "However, we want to consider all these problems not through participation on someone's side in the trade war, but through the use of legitimate legal procedures of the world trade organization, which we are already doing, as China and the European Union are doing with the United States".
The Russian foreign Minister pointed out that acting in the United States in the person of President Donald trump, the government is confident that the country is able to solve all the issues alone, "not really caring about some multilateral structures and not trying to fulfill the obligations that the US had taken, and this administration now suddenly considers obsolete." "However, I am convinced that in the end the us administration will come to an understanding of the need to work collectively and still comply with the rules that we have established for many decades for the world trade organization", Lavrov concluded.
"We care primarily about the interests of Russia. Although trade war, even if they participate, no one benefits. We care about the economic interests of the Russian Federation and our partners in the integration Association of the Eurasian economic Union", Lavrov said in an interview with the Kazakh news Agency "Khabar".