Kirill Babaev, Director of the Institute of China and Modern Asia of the Russian Academy of Sciences, evaluated the maximum dependence of the future of the world economy on relations between Russia and China. DEA News”.
“Obviously, the West has now entered a difficult period of confrontation not only with Moscow, but also with Beijing. Therefore, today both Russia and China are most interested in building new international trade and financial structures in such a way that trade and payments are free from Western pressure.”
He added that he does not exaggerate the importance of Russian-Chinese relations, adding that it may depend on the development of not only the Eurasian economy, but the whole world. Babayev drew attention to the possibility of joining the new structures of the SCO and BRICS countries, as well as the countries of Central and South Asia.
“They’ve all been talking for a long time about the need to find an alternative to the current financial system, the international trade system, where Washington, together with its allies, is increasingly using illegitimate methods of pressure,” Babaev said.
He also noted the problems in relations between Russia and China – the level of economic cooperation is incomparably behind the level of political ties.
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