02:59 GMT +322 August 2018
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    President Vladimir Putin's state visit to China

    Missile Defense Deployment in Europe, Asia Affecting Russian, Chinese Security

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    A number of countries, under the pretext of a "missile threat," unilaterally deploy missile defense systems in Europe and the Asia-Pacific region, affecting the security of Russia and China, and in this regard Moscow and Beijing intend to pay special attention to ensuring the balance of power, Vladimir Putin and Xi Jinping said a joint statement.

    The sides… will pay special attention to ensuring global and regional strategic balance and stability, including taking into account the fact that some states, under the pretext of the so-called 'missile threat,' unilaterally develop missile defense systems and deploy them in Europe and the Asia- Pacific region, thereby severely damaging the strategic security interests of regional states, including Russia and China, and negatively affecting the strategic equilibrium, global and regional safety and stability," the statement said.

    Putin is currently paying an official visit to China upon the invitation of the Chinese president. In Beijing, Putin will also meet with Premier Li Keqiang and parliamentary leader Li Zhanshu over the weekend, before heading to the eastern port city of Qingdao for a Shanghai Cooperation Organisation (SCO) summit.

    Iran Nuclear Deal After US Withdrawal

    Russia and China will exert maximum efforts to preserve the Joint Comprehensive Plan of Action (JCPOA) on Iran's nuclear program, and consider that it is important to protect trade cooperation with Tehran from unilateral sanctions, the joint statement of Russian President Vladimir Putin and his Chinese counterpart Xi Jinping said Friday.

    "In the context of a disappointing, unilateral withdrawal of the United States from the arrangements documented in the JCPOA, [we will] do utmost to preserve the JCPOA taking into account the crucial importance to protect the interests of trade and economic cooperation of all states with Iran from unilateral and extraterritorial sanctions," the joint statement of Putin and Xi said.

    READ MORE: US Pushes European Companies Out From Iran — Analyst

    The statement follows the move by US President Donald Trump announced in early May to pull out of the Iran nuclear deal.

    Trump also decided to restore wide-ranging sanctions on Iran, including the secondary sanctions against financial institutions of third countries doing business with Tehran.

    Syria's Territorial Integrity

    Meanwhile, Russia and China continue to advocate the preservation of Syria's territorial integrity and specific steps aimed at the efficient restoration of the Arab country, a joint statement said.

    "To jointly advocate the need to preserve the territorial integrity of Syria, respect its sovereignty, promote the peace process within the country by Syrians themselves, with the support of the United Nations and the assistance of the Geneva and Astana platforms, taking into account the results of the Congress of the Syrian National Dialogue held on January 30, 2018 in Sochi. To coordinate plans and concrete steps of Russia and China to ensure efficient post-conflict reconstruction of this country," the statement read.

    Economic Sanctions

    Moscow and Beijing oppose economic sanctions adopted in disregard of the UN Security Council (UNSC), as well as threats and pressure that violate principles of competition, a joint statement on Friday.

    "[We agree] to oppose unilateral economic sanctions adopted in disregard of the UNSC, as well as against blackmailing and pressure that violate the principles of fair competition and inflict damage on global economy," the statement said.

    According to the statement, Russia and China will also take measures to counter protectionist measures in trade, in order to preserve and to strengthen the World Trade Organization (WTO).

    "[We agree] to jointly take steps aimed at ensuring a sustainable growth of global economy and stability of a global financial system, at contribution to liberalization and ensuring proper conditions for trade and investments, at resistance to a unilateral order and any protectionist measures in trade, as well as at preservation and strengthening of the WTO as a central part of the multilateral trade system," the document said.

    Moscow and Beijing also plan to take joint efforts in order to advocate and enhance nondiscriminatory multilateral rules that are beneficial for all parties, to ensure legality and effectiveness of international financial institutions and improvement of representation of developing countries in such institutions.

    Russia, China Set to Boost Trade in National Currencies

    Moscow and Beijing will increase bilateral trade and investment in national currencies as well as develop cooperation in such areas as payment systems and insurance,  Putin and Xi Jinping said in a joint statement Friday.

    According to the statement, the two countries will also strengthen cooperation within multilateral development institutions, including the New Development Bank, formerly referred to as the BRICS Development Bank, and the Asian Infrastructure Investment Bank.

    Moreover, the sides aim to strengthen interaction in accounting and create favorable conditions for the cross-border bond issuance, the statement noted.

    Putin and Xi held bilateral talks in Beijing earlier in the day before heading to the eastern port city of Qingdao for a Shanghai Cooperation Organization (SCO) summit.

    Related:

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    Russia, China Moving Forward to Form Strategic Energy Alliance
    Fate of Iran Nuclear Deal Lies With EU, Russia, China - Analysts
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    Joint Comprehensive Plan of Action (JCPOA), Vladimir Putin, Xi Jinping, China, Russia
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