UPDATE: Russia's Putin says US dollar role should be reconsidered, slams Washington for using pressure and sanctions to maintain economic supremacy
Russian President Vladimir, left, and Chinese President Xi Jinping arrive to attend a plenary session at the St. Petersburg International Economic Forum in St. Petersburg, Russia, on June 7, 2019.
Putin –– whose country has chafed under numerous rounds of US sanctions –– has repeatedly slammed the global financial system established by Washington in the aftermath of World War II. Putin said the US attempt to "spread its jurisdiction to the entire world" challenges the global order.Putin also slammed US moves against Chinese tech giant Huawei, which has signed a deal to develop a 5G network in Russia.
Chinese President Xi said Beijing was ready to share its expertise, including on 5G technology, with partner countries. Xi arrived in Moscow on Wednesday for a three-day visit with Vladimir Putin and described the Russian leader as his "best friend" during a cosy meeting at the Kremlin.
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