Russian Minister Rejects Iran Sanctions
By MARK LANDLER
Published: October 13, 2009
MOSCOW — Threatening Iran with harsh new sanctions to advance negotiations over its nuclear program would be “counterproductive,” Russia’s foreign minister said Tuesday, throwing cold water on the Obama administration’s hopes that Russia had been persuaded to cooperate with its effort to intensify the global pressure on Tehran.
Secretary of State Hillary Rodham Clinton met with her Russian counterpart, Sergei Lavrov, in Moscow on Tuesday.
The minister, Sergey V. Lavrov, said after meeting with Secretary of State Hillary Rodham Clinton here that diplomacy should be given a chance to work, particularly after a meeting in Geneva this month in which the Iranian government said it would allow United Nations inspectors to visit a clandestine nuclear enrichment facility near the holy city of Qum.
“At the current stage, all forces should be thrown at supporting the negotiating process,” he said. “Threats, sanctions, and threats of pressure in the current situation, we are convinced, would be counterproductive.”
Meanwhile in China
Putin visits China: $5.5 bln in deals expected
13 October, 2009
Prime Minister Vladimir Putin is leading a high-powered delegation to China which is sealing deals worth more than $5 billion in energy, infrastructure and telecoms.
Propeller The delegation comprises more than one hundred senior Russian business leaders. They are hoping to win a bigger slice of one of the world’s largest markets.
Putin was greeted by his Chinese counterpart Wen Jiabao on his arrival, with two way trade and energy agreements worth $3.5 billion already signed.
During his visit he is also scheduled to meet with China’s President Hu Jintao, and take part in a meeting of the Shanghai Cooperation Organization (SCO) on Wednesday.
Gazprom CEO, Aleksey Miller, has announced on Tuesday that China and Russia have agreed on ramping up gas supplies to the booming Asian economic powerhouse.
Russia is looking to expand machinery exports to China, but also to increase yuan-ruble trade, which soared to 58 billion dollars in 2008 from just over 9 billion in 2002. So, it’s obvious the growth of trade between the two countries is tremendous.
This comes following recent rumors that Gulf states are going to try to dump the dollar, perhaps with Russia and China joining in, as the currency used for oil transactions.