China-Russia Current Affairs - 2019

Category Wise PDF Compilations available at This Link

St Petersburg International Economic Forum 2019

Russia’s annual Saint Petersburg International Economic Forum (SPIEF) is being held from 6-8 June 2019. It is an annual international forum that discusses key economic issues facing Russia, emerging markets and world at large stage. The Saint Petersburg is Russia’s former imperial capital.

Key Highlights of SPIEF

  • Background: The first SPIEF was held in 1997. Now over past two decades, it has become one of leading global platforms for communication between business representatives and discussion of crucial global economic issues. Since 2006 it has been held under auspices and participation for Russian President Vladimir Putin. The SPIEF 2018 edition brought together around 17,000 participants from more than 140 countries. At the event Russia tries to boost its appeal to international businesses and investors.
  • St. Petersburg International Economic Forum 2019: brought together high-profile politicians, leaders from participating countries, leaders of International organisation, representatives of major international companies and organisations as well as experts from various fields. In 2019 session delegations from nearly all European Union (EU) countries, including Hungary, Germany, Italy, Egypt, Austria, Portugal, Sweden, Finland, Greece, Belgium among others and also senior officials from Cambodia, Vietnam, South Africa, Ivory Coast, Kenya, and Central African Republic (CAR) are taking part in various business sessions of forum. Chinese President Jinping will also attend SPIEF 2019 edition.
  • Theme for SPIEF 2019: Creating a Sustainable Development Agenda

Key Features-

  • Following Rusian annexation of Crimea in 2014 and role in pro-Russian uprising in Ukraine, the country has been hit by five years of international sanctions on its economy. It is also not immune to effects of U.S-China trade war which is putting brakes on global growth. The Western sanction over Russia is now followed by Russia’s pivot to the east with gradual dependence on China.
  • The Chinese President Xi Jinping visit to SPIEF 2019 marks a new era of friendship between China and Russia and reinforcement of economic ties that had benefitted from Moscow’s isolation from West. This visit holds milestone significance in development of bilateral relations.
  • Both countries show strong political mutual trust such as politically they seem consistently aligned and often vote in unison as permanent members of UN Security Council (UNSC). They also support each other firmly on issues concerning each other’s core interests and major concerns.

Month: Categories: InternationalUPSC

Tags:

China, Russia conduct joint naval exercises Joint Sea-2016 in South China Sea

China and Russia have carried out joint naval exercises dubbed as Joint Sea-2016 in the resource-rich South China Sea (SCS) off China’s southern Guangdong province.

The exercises follow a spike in tensions after Permanent Court of Arbitration in The Hague rejected China’s claims in the SCS and slammed it for causing environmental damage there.

Key Facts

  • The eight-day naval exercises (from September 13 to 19) were held in a non-disputed area in SCS off China’s southern Guangdong province.
  • It had featured surface ships, missile destroyer, anti-submarine vessels, missile frigates, ship-based helicopters and conventional submarines among others from both navies.
  • The vessels were divided into two fleets and confrontations were staged off the eastern waters of Zhanjiang in Guangdong which is close to Chinese coast.
  • Both sides had undertaken defence, anti-submarine operations and rescue operations in addition to joint island seizing and other activities
  • They had carried out live-fire drills, sea crossing and island landing operations, and island defence and offence exercises among other.

Month: Categories: Defence & SecurityInternational

Tags: