China, Iran agree to strengthen strategic cooperation despite United States pressure - Oil

Jun 12, 2018, 02:07
China, Iran agree to strengthen strategic cooperation despite United States pressure - Oil

The meeting with China's president Xi Jinping took place on Sunday on the sidelines of the Shanghai Cooperation Organization summit in the eastern coastal city of Qingdao, and comes at a time when Iran faces reimposition of sanctions by the USA, which could impact its crude oil exports. Trump has said he was open to having a summit with Putin, who U.S. intelligence officials have said directed Russian meddling in the 2016 election to help Trump win.

"I believe it's necessary to stop this creative babbling and shift to concrete issues related to real cooperation", Putin told reporters on a visit to China, when asked to comment on a G7 joint statement.

They have also sought to strengthen the Shanghai Cooperation Organization, a regional grouping they created, which meets this weekend. "Because we should have Russian Federation at the negotiating table", he said. Russian Federation was removed from the summit in 2014 when after it invaded Crimea over its support for pro-Russia separatists in Ukraine.

The group of industrialized nations once included Russian Federation and was known as the G8.

Speaking at a joint press point with Chinese Foreign Minister Wang Yi in Brussels on June 1, the European Union's foreign policy chief Federica Mogherini said the bloc and China share commitment to preserve the nuclear agreement and to work for its continuation.

Rouhani also stressed the importance of developing bilateral cooperation in the fields of culture, science and technology and expressed hope that the Chinese government would facilitate issues for Iranian businessmen and students including in the banking sector. Ignoring the resentment of his European allies, Trump sticks to his stand: "All of these countries have been taking advantage of the United States on trade".

Donald trump news G7 summit italy giuseppe conte russia G8 EU latest
GETTYUS President Donald Trump said he will soon invite PM Conte to the White House

"It's in everyone's interests", Conte added, in an echo of Trump's own words after the combative USA president shocked both his allies and those back in his own country when he announced in Washington that, "Russia should be in (sic) this meeting", Trump told reporters in Washington as he left the White House.

"The US president has repeatedly said that it's reasonable to hold such a meeting", Putin said on the sidelines of a summit of the Shanghai Cooperation Organisation. The two South Asian nations joined the bloc as full members past year.

Putin says Washington's decision to exit the agreement could "destabilize the situation" in the region.

Russian President Vladimir Putin criticized President Donald Trump's decision to withdraw the United States from the Iran Nuclear deal in a speech Sunday.

The group demonstrated solidarity in pledging to uphold the Iran nuclear deal, a major source of G-7 contention after Trump's withdrawal last month.

The agreement, put into place in 2015 under President Barack Obama, lifted worldwide economic sanctions against Iran in exchange for the country to limit its nuclear program.

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