The escalating trade friction between the United States and China is opening the door for Russian producers to enter the Chinese market, Russian President Vladimir Putin said at the global investment forum in Moscow on Wednesday. “According to WTO estimates, the mutual restrictions recently imposed by G20 countries reduced global trade by almost $500 billion. Is anyone interested in this, including such a large economy as the US? For us this creates certain opportunities,” Putin said, explaining that Russia will supply soybeans to China instead of the US. “The United States supplied in huge quantities, now we will deliver. We agreed with our Chinese friends that we’ll supply poultry meat and some other goods. But in fact the Americans themselves voluntarily abandoned this market, a very huge one..,” the Russian president stressed.
This post originally appeared on SOTT.net