ADD ANI AS A TRUSTED SOURCE
googleads
Menu
US

US -China trade war poses threat to Russia: Maxim Akimov

Moscow [Russia], May 25 (ANI): The US and China trade war entail risks for the Russian economy "as it will affect the global economy" said Deputy Prime Minister Maxim Akimov on Friday.

ANI May 25, 2019 06:10 IST googleads

Deputy Prime Minister Maxim Akimov (Photo:Reuters)

Moscow [Russia], May 25 (ANI): The US and China trade war entail risks for the Russian economy "as it will affect the global economy" said Deputy Prime Minister Maxim Akimov on Friday.
"US-China trade war will affect the global economic growth rate, and we greatly depend on it, because if the Chinese economy slows down, the demand for hydrocarbons and other commodities will also slow down. This will hit Russian exports," Sputnik quoted Akimov as saying.
Akimov also said that Huawei row is part of the technological war that is going alongside trade war between Washington and China.
He also expressed that technological warfare might lead to the technological fragmentation of the world.
The months-long trade negotiations between China and the US broke down recently. US has increased tariffs on Chinese goods amounting to over 200 billion USD even as the two sides were amid negotiations. In retaliation, China said that it would be increasing duties on USD 60 billion worth US imports from June 1.
The US Commerce Department also formally added Huawei to the list of companies the US government considers to be undermining American interests. By adding Huawei to the so-called Entity List, the Trump administration ensures Huawei will be covered by the new executive order.
The United States many times has publicly asked its allies to steer clear of using Huawei products over concerns that the equipment could be used by the Chinese government to obtain private information. (ANI)

Get the App

What to Read Next

US

Trump describes Michigan synagogue attack as "terrible"

Trump describes Michigan synagogue attack as

Speaking at a Women's History Month event at the White House, the US president said he had been fully briefed on the situation and described the incident as "terrible."

Read More
Asia

India consistently supported Maldives in crisis: Mohamed Nasheed

India consistently supported Maldives in crisis: Mohamed Nasheed

He highlighted India's role as a "first responder" for the Maldives, emphasising that India's support during critical periods has been fundamental to the stability and security of the island nation.

Read More
US

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of Iran's nuclear program.

Read More
Middle East

"Blocking Strait of Hormuz must continue," says Ayatollah Mojtaba

In his first address to the Iranian people. Ayatollah Mojtaba Khamenei called for the continued blockade of the Strait of Hormuz, a move that will raise tensions.

Read More
Middle East

Mojtaba Khamenei calls on Muslim neighbours to clarify stance

Mojtaba Khamenei calls on Muslim neighbours to clarify stance

"The countries of the region must clarify their stance regarding the aggressors against our dear homeland and the killers of our people. I recommend that they shut down those bases as soon as possible; for they must surely have realized by now that America's claim of establishing security and peace has been nothing but a lie," he said.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.