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Russia plans to draw up a draft law to raise the pension age

Russian Prime Minister, Dmitry Medvedev has stated that Russia will soon draw up a draft law to raise the pension age, while carefully looking for ways to avoid disrupting the existing pension system or causing social tensions.

“We are on the brink of starting to discuss this at a legislative level, it (a decision) will be taken based on different factors, it will be done carefully, and in such a way that will not unbalance the pension system or, on the other hand, create negative feelings among people.” Medvedev said.

Former finance minister Alexei Kudrin – now an unofficial adviser to President Vladimir Putin -said that Russia is currently faces a big increase in the number of pensioners in coming years which will coincide with a shrinking workforce.

According to Reuters, any increase in the pension age would allow the government to cut contributions from the state budget, which could help fund pre-election promises of higher social and infrastructure spending by Putin, who starts a new term in office on 7 May.

Russia would see the pension age increased every year by one year until it reaches 65 years for both men and women. While there would increase the retirement age for women by six months every year until it reaches 63 years, and by four months each year for men until it reaches 65 years.

Source: Reuters

 

Putin plots out post-election plans

Re-elected Russian President, Vladimir Putin has revealed his primary objective for his presidential term.
According to Russia Today, Putin will pay close attention to the following, saying:

1. “The main thing that we will be working on is of course the internal agenda. First of all we must ensure the growth rate for the economy and make it an innovative one. We must develop healthcare, education, industrial production, infrastructure and other branches that are crucial for moving our country forward and increasing the living standards of our citizens.
2. There are also issues connected with the national defence and security, we cannot do without them, but still the internal agenda is of primary importance today.
3. As for the defence expenditures, we have slated their decrease for this year and for the next year. This will not cause any problems for our defence capability, because the main investments into the development of the newest weapons systems have been made over the previous years.
4. We just need to bring some things to their logical conclusion, to continue the research and development that I have not spoken about yet.
5. There will be no increase in spending, no arms race. We have everything, we have secure reserves in this field.”

Putin believes that workforce productivity is a key issue that is the joint-responsibility of the nation.

Source: Russia Today

Chinese, Russian, Indian ministers meet

December 12, 2017
Displayed with permission from China Daily

China, Russia and India agreed to maintain regional security and economic architecture in the Asia-Pacific, according to a joint statement issued on Monday after the 15th trilateral meeting of the foreign ministers of the three countries.

Maintaining regional security and economic architecture that is “open, inclusive and based on multilateralism and universally recognized principles of international law” is imperative for lasting peace and stability in the region, the statement said.

The three countries emphasized the need for coordination and cooperation in various regional forums and organizations such as the East Asia Summit to maintain regional peace and stability and to promote regional development and prosperity.

During the one-day meeting, Foreign Minister Wang Yi, his Russian counterpart Sergei Lavrov and Indian counterpart Sushma Swaraj discussed a wide range of global and regional issues of common concern, according to the statement.

The three countries reiterated the importance they attached to cooperation and strategic partnership within BRICS.

“We will work together to implement all outcomes of BRICS summits to strengthen cooperation in economic, political, security and people-to-people fields, so as to usher in the second golden decade of BRICS cooperation,” said the statement, while commending the China’s successful hosting of the Ninth BRICS Summit in Xiamen in September.

The three countries also attached special importance to the joint work within the Shanghai Cooperation Organization, saying the SCO is an important instrument in promoting multilateral political, security, economic and people-to-people interaction in the region.

Describing the Russia-India-China trilateral format as a platform to foster closer dialogue and practical cooperation in identified areas among the three countries, the joint statement said such cooperation is not directed against any other country.

“We wish to strengthen the trilateral dialogue for consultation and coordination on regional and global issues of mutual interest in the spirit of mutual understanding and trust,” it said.

“Our cooperation is conducive to maintaining international and regional peace and stability, and promoting global economic growth and prosperity,” it added.

Xinhua

 

China ready for more high-level Russia exchanges

Zhang Yunbi
Displayed with permission from China Daily

Beijing is ready to work with Moscow to prepare for high-level exchanges in the near future, as the two countries have always trusted and supported each other, no matter how the international situation changes, Foreign Minister Wang Yi said.

Wang made the remark while meeting with Russian President Vladimir Putin on Thursday in the Russian capital.

As part of the good relationship between the two emerging markets, bilateral meetings of leaders have been frequent, including Putin’s meeting with President Xi Jinping earlier this month during a trip to China to attend the Belt and Road Forum for International Cooperation in Beijing.

Wang said Putin made an important contribution to the success of the forum.

Putin told Wang he expects that Xi could visit Russia at an early date, and the bilateral comprehensive strategic partnership of coordination “is worthy of its name”.

Beijing and Moscow have kept close contact on global issues. Their senior diplomats have met recently to discuss the Korean Peninsula nuclear issue and the Syrian situation.

Wang said the two countries should also strengthen strategic cooperation on international affairs, firmly safeguard their strategic interests and jointly promote peaceful settlement of international and regional hot spot issues.

Putin said Russia and China should work closely together within multilateral frameworks such as BRICS, the Shanghai Cooperation Organisation and the G20. He also said the two countries should strengthen international security cooperation, jointly tackle hot spot issues and maintain global strategic stability.

Regarding bilateral cooperation, Wang said both sides should act on the guidance of their respective leaders and push for new outcomes of bilateral cooperation on linking the Belt and Road Initiative with the Eurasian Economic Union.

Putin said the economic situation in Russia is improving, the departments of both governments should strengthen communication and consultation, and major cooperative projects should be implemented effectively.

Jiang Yi, an expert on Russian studies at the Chinese Academy of Social Sciences, said the reinforced cooperation has laid a foundation for the lasting development of the bilateral partnership.

Progress in major projects will facilitate economic restructuring of both countries and boost their standing on the global stage, he said.

-Repubhub/China Daily

BRICS leaders convey well wishes to President Donald Trump

On Wednesday, business mogul and Republican Presidential candidate, Donald Trump was elected as the 45th President of the United States. Following the announcement that sent the world into shockwaves, BRICS Heads of State have passed on their congratulatory messages to the new President-elect.

President of South Africa, Jacob Zuma released a statement via the Department of International Relations conveying well wishes on behalf of himself and the country.

The statement reads as follows: “President Jacob Zuma has today, on behalf of the government and the people of South Africa, congratulated President-elect Donald Trump for winning the presidential elections that were held in the United States on 08 November 2016.”

In addition, “President Zuma conveyed his best wishes to the president-elect and looked forward to working with President-elect Trump to build on the strong relations that exists between the two countries.”

“He underlined that South Africa further looked forward to working closely with the new Administration in the United States in promoting peace, security and prosperity around the world, especially on the African continent.”

Russian President Vladimir Putin also congratulated Trump and politicians from various Russian politicians were hopeful for an improvement in relations between the Kremlin and Washington.

Newsweek reports that Putin sent a telegram to Trump on Wednesday morning, expressing “his hope they can work together toward the end of the crisis in Russian-American relations, as well address the pressing issues of the international agenda and the search for effective responses to global security challenges.”

Said China’s President Xi Jinping the state broadcaster CCTV: “I highly value China-US relations, and look forward to working together with you, and holding fast to mutual respect and non-conflict, non-confrontation,” the channel cited Xi as saying in its nightly national broadcast.

He added: “As the world’s two largest economies, China and the US have an important responsibility to safeguard world peace and stability, and promote global prosperity, it quoted him as saying.”

“Developing longterm stable and healthy Sino-US relations in accordance with the benefit of both countries’ peoples is also the international community’s common expectation.”

Prime Minister of India, Narendra Modi took to Twitter to congratulate Trump.

 

Brazilian President Michel Temmer has yet to express sentiments around the US Presidential appointment.