Has the situation begun to deteriorate in Russia?
Speaking to RIA Novosti, Babaev said: "Beijing is our main strategic partner. Unfortunately, the level of Russian-Chinese trade and economic relations still lags behind the level of political contacts between the two countries. Today it is necessary to change this imbalance. as fast as possible."
He added, "The future of the entire Eurasian economy, if not the whole world, will depend on the relations between Russia and China," adding: "There is no exaggeration in that, frankly."
He explained, "It is clear that the West is currently going through a severe confrontation line not only with Moscow, but also with China. That is why Russia and China today are interested to the greatest extent possible in building new international trade and financial institutions so that trade and payments are freed from the pressures of the West."
The expert expressed his belief that if China and Russia succeed in this, they will join the new bodies later on, the countries of Central and South Asia, the countries of the Shanghai Cooperation Organization and the BRICS.
And he checked: "They (these countries) have been talking for a long time about the necessity of finding an alternative to the existing financial system and the international trade system, in which Washington, in cooperation with its allies, uses more and more illegal methods of pressure."
Russian President Vladimir Putin said at a government meeting on the development of Russia's mining sector today that the West threw all the principles of the World Trade Organization into the trash when imposing sanctions against Russia.
European Citizen's Welfare
"The decline in the well-being and quality of life of ordinary citizens, first of all in Europe, does not matter to politicians, not to mention things like adherence to the principles of the World Trade Organization, which have been thrown into the trash," the Russian president said at the meeting.
Putin indicated that the West imposed sanctions on Russian mining companies, and pointed out that there are now restrictions to work in foreign markets, as well as a ban on the purchase of some foreign components for the production of products in Russia.
Putin stressed that the West did not take into account the possible consequences of the restrictions imposed on Russia, including the rise in the prices of building materials on the world market and the increase in the rate of inflation in the world.
“Sanctions against Russia have exacerbated everything. Namely those related to energy. They have made mistakes in the energy sector - gas prices have gone up, gas is the basis of many fertilizers. Fertilizer prices have gone up. This leads to the following: companies begin to close, including In Europe, harvest expectations fell immediately, while food prices jumped again.
"Then they began to impose these illegal sanctions. They are illegal, because they are not supported by the UN Security Council. Everything that is not supported by a UN Security Council resolution is from the point of view of international law illegal and illegal," Putin continued.
Putin also noted that the blame for the impending food crisis is being placed on Russia, even though the West has exacerbated the problems of developing countries, in order to solve its own problems.
The president noted that the West began abusing the monopoly of reserve currencies and printing money, stressing that "all this led to the fact that they began to collect food from the world market."
He continued: "If in previous years the same countries were, for example, exporters of food, then they became importers. And they bought food from the world market in the amount of 17 billion dollars more than they sold. This indicates that they exacerbated the problems of the developing countries, the poor countries, and thus solved the countries The rich have their problems, and this is the result of the monopoly of the reserve currencies, the dollar and the euro."
