No one wants trade wars, restrictions except initiators of such measures: Putin

No one wants trade wars, restrictions except initiators of such measures: Putin
  • Clock-gray 15:50
  • calendar-gray 27 April 2019

No one in the world wants restrictions and trade wars, except those who initiate them, Russian President Vladimir Putin said on Saturday at a press conference following the Belt and Road summit in Beijing, APAreports citing Sputnik.

"No one wants any restrictions, no one wants any trade wars, expect those who initiate these processes, I believe. The overwhelming majority, almost 100 percent [of people] are sure that these restrictions and wars damage the global economy and its development", Putin said.

All the countries, with representatives of which Putin has met on the sidelines of the forum, want to cooperate with Russia, Putin added.

"We have very kind business relations with many of our partners, with the overwhelming majority of the world's countries, and we value this. All whom I have met want to work with us", Putin said.

"Russia is ready to meet the demands of China and many others global partners. We are the world's biggest [oil] producer. We produce 11.5 million barrels [of oil] per day, and we can produce even more", Putin said.

He added that Russia had an enormous potential in oil production.

"Not the potential matters, but the fact that we have agreements with OPEC that we will stick to a certain level of production", Putin explained.

Russian President Vladimir Putin has continued on by saying that he informed the Beijing forum participants about the results of his landmark summit with North Korean leader Kim Jong-un in Russia's Vladivostok, as well as about the Russian vision on resolving the conflict in Ukraine.

"Today I met many colleagues from European countries. Of course, I informed them about our vision of the development of the situation in Ukraine, the further implementation of the Minsk agreements; [I also] informed my colleagues about the results of the meeting with the North Korean leader", Putin said, speaking at a press conference in the Chinese capital.

Zumrud Pashkin

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