St. Petersburg International Economic Forum 2019

“Erm… is anyone else listening to this?… because what I’m hearing thus far is ‘One Belt, One Road, Fuck the US’, ‘One Belt, One Road, Fuck the US’ and … ‘One Belt, One Road, Fuck the US’” 😀

“One man, One goal…. One Belt, One Road… One Mission, One Vision… One China!” 😀
“… Just one sore loser!”

Watch again: Putin and Xi speak at St Petersburg economic forum

At a plenary session of the St Petersburg International Economic Forum, Russian President Vladimir Putin and Chinese President Xi Jinping spoke about economic and energy cooperation between their two countries.

Putin complained about protectionism from the West and warned the United States about its behaviour economically, saying that its egotism could be a path to endless conflict and trade wars.

The Russian president complained about the U.S. efforts to thwart a Russian gas pipeline to Europe and talked about what he called efforts to force Chinese technology company Huawei out of the global market.

Xi Jinping spoke about Russia as a strategic partner of China and spoke about working together towards “sustainable development” and “renewable energy”.

Xi also spoke about digital innovation stating that China was ready to “share the invention and know how” particularly in relation to “5G technology”.

He emphasised China’s commitment to the environment, saying he wanted to work together internationally to address climate change and preserve biodiversity.

China has signed the Paris climate agreement but is currently the world’s largest carbon dioxide polluter.

St. Petersburg International Economic Forum

Greeting to participants, organizers, and guests of the St. Petersburg International Economic Forum 2019 from President of the Russian Federation Vladimir Putin 6–8 June

Russia and Israel Discuss Holding Joint Events at SPIEF 2019

Adviser to the Russian President Anton Kobyakov and the Extraordinary and Plenipotentiary Ambassador of the State of Israel to the Russian Federation, Gary Koren held a meeting in Moscow.

The key issue discussed at the meeting was the possible formats for an Israeli delegation to take part in the upcoming St. Petersburg International Economic Forum, which will be held on 6–8 June.

«One of the formats for holding a joint event during the SPIEF 2019 could be a Russian-Israeli panel discussion on collaboration in innovation policy, retail trade, or education in the innovation sector», Koren said. Israel is currently holding talks with the Skolkovo Foundation on a business event that focuses on cooperation in innovation policy in May 2019 in Moscow as part of the run-up to the SPIEF 2019.

During the meeting, the ambassador also noted Israel’s interest in collaboration with Russia’s regions. «In particular, the SPIEF platform presents opportunities for Israeli business to directly interact with the heads of the regions of the Russian Federation and will continue in the form of specific business projects. Israel’s interest in the Russian livestock and diamond industry is also high», Koren said.

«We can offer various forms of cooperation to Israel, both in terms of the Forum’s business programme and in terms of organizing business missions by Israeli representatives to Russia or Russian representatives to Israel. We are open to all proposals for arranging the relevant meetings and discussions. In addition, Russian and Israeli companies have signed a number of agreements on the joint production of innovative products and cooperation in the commercialization of innovations, which are also being implemented at international and multilateral events in Russia and abroad. Russian companies are active on the Israeli information technology market, which is largely due to how developed innovation is in Israel», Kobyakov said.

At the SPIEF 2018, the Israeli delegation was headed by Ze’ev Elkin, Minister of Jerusalem Affairs, Minister of Environmental Protection, and Co-Chairman of the Joint Russian-Israeli Intergovernmental Commission on Trade and Economic Cooperation. This marked the first time in the history of the SPIEF that a business event was held on the theme of healthcare that was devoted to aspects of building up mutually beneficial cooperation between Russia and Israel. In particular, the two countries announced the creation of a working group to exchange experience in healthcare, Israel and the Skolkovo Foundation signed an agreement on medical data, and the opening of a branch of the Jerusalem Hospital Hadassah was announced at the Skolkovo International Medical Cluster.

The two officials also discussed Israel’s possible participation in other business events organized by the Roscongress Foundation, such as the Eastern Economic Forum (4–6 September 2019).

The tech cold war just got a lot more intense after Russia signed a deal to build 5G internet with Huawei

Alexandra Ma

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Russian President Vladimir Putin and Chinese President Xi Jinping at the St. Petersburg International Economic Forum on Thursday.
tech cold war banner
  • Russia’s largest mobile network provider, MTS, has signed a deal with the Chinese telcom giant Huawei to build 5G internet in Russia.
  • The move is creating a further divide in the tech cold war between the US and China, which has already seen the US bar American tech firms from working with their Chinese counterparts.
  • The MTS-Huawei deal came as Chinese President Xi Jinping visited Russian President Vladimir Putin in Russia and called Putin his “best and bosom friend.”
  • Visit Business Insider’s homepage for more stories.

Russia’s largest network provider has signed a deal with the Chinese tech giant Huawei to build 5G internet, creating a further divide in the tech cold war rocking the US and China.

The agreement, signed Wednesday between Russia’s MTS and Huawei, will “promote 5G technology and launch pilot 5G networks in Russia in 2019-2020,” Huawei said in a statement sent to Business Insider.

The deal came on the first day of Chinese President Xi Jinping’s three-day trip to Russia to meet with Russian President Vladimir Putin. The signing ceremony “took place at the intergovernmental level” in the Kremlin while the two leaders looked on.

It is a prominent escalation of the cold war between Washington and Beijing, which has seen the US bar American tech firms from working with their Chinese counterparts.

In return, China has amped up efforts to supersede the US in artificial-intelligence research, and the two sides have imposed tit-for-tat trade tariffs against each other.

President Donald Trump’s administration officially designated Huawei a national security threat last month.

Secretary of State Mike Pompeo has threatened the US’s European allies with consequences if they do not distance themselves from the Chinese company.

Vladimir Putin and Xi Jinping

Putin and Xi at a friendly match between Russian and Chinese youth ice-hockey teams in Tianjin, China, in June 2018. Ng Han Guan – Pool/Getty Images

Putin, ‘my best and bosom friend’

As the Trump administration ramps up its attacks on Beijing, the China-Russia relationship appears stronger than ever.

Xi arrived in Moscow on Wednesday, and the two leaders traveled to St. Petersburg together on Thursday to attend the St. Petersburg International Economic Forum, which outlets including Bloomberg, The Moscow Times, and Agence France-Presse describe as the “Russian Davos.”

Jon Huntsman, the US ambassador to Russia, was among US government officials who refused to attend this year’s forum to protest the prosecution of Michael Calvey, an American investor in Russia who was detained and accused of embezzlement earlier this year.

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Xi and his “best and bosom friend” Putin made Russian food together.

Xi on Tuesday gave a lengthy interview to Russia’s state-run TASS news agency, in which he lauded Chinese-Russian ties and called Putin his “best and bosom friend.”

Here’s what Xi said about his apparent bromance with the Russian president:

“Since 2013, President Putin and I have met nearly 30 times on bilateral and multilateral occasions, and talked on the phone and written to each other many times. I keep fond memories of each interaction I had with President Putin.

“We have had in-depth and most wide-ranging exchanges on both major issues like the international situation, bilateral ties and governance, and more light-hearted topics like literature, art, and sports.

“We have taken a high-speed train ride together, watched an ice-hockey friendly between Chinese and Russian youth teams, celebrated his birthday in Bali, exchanged phone calls and congratulatory messages on each other’s important festivals, and been awarded medals of the highest honor by each other’s countries.

“I have had closer interactions with President Putin than with any other foreign colleagues. He is my best and bosom friend. I cherish dearly our deep friendship.”

Xi and Putin on Wednesday also upgraded their countries’ relationship from bilateral ties to a “comprehensive strategic partnership of coordination in new era,” the South China Morning Post reported.

Xi and Trump are expected to meet again at the G20 summit in Japan later this month.

Donald Trump and Vladimir Putin
US President Donald Trump and Putin in Helsinki, Finland, in 2018.

China granted 5G licenses to its largest state-owned telcom operators on Thursday, the Financial Times and The Wall Street Journal reported, accelerating the nation’s rollout of the high-speed mobile network technology.

Experts have warned that the US’s war on Huawei could leave the country lagging behind in the global race for faster internet.

“The United States will not get a second chance to win the global 5G race,” said Meredith Attwell Baker, the head of the CTIA telecoms trade association, in an April report.

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