Published: Wed, August 09, 2017
Worldwide | By Sean Reid

Russian Federation aims to cut dependence on USA payment systems

Russian Federation aims to cut dependence on USA payment systems

Lavrov, who met U.S. Secretary of State Rex Tillerson on the sidelines of an global gathering in Manila, said the first thing that Tillerson asked about was Russia's retaliation to new U.S. sanctions against Moscow.

US Secretary of State Rex Tillerson said on Monday that he told Russian Foreign Minister Sergei Lavrov Moscow's meddling in the vote created "serious mistrust" between the two countries. "With the latest decree, we have appointed an ambassador to Laos, so now we have missions in every ASEAN state", he said.

This was the first substantial meeting between the two nations since President Trump signed a bill imposing new sanctions against Russian Federation, and Moscow responded by dismissing a large number of American diplomatic personnel from Russian Federation.

Two-way trade between the United States and Russian Federation totaled $38.1 billion in 2013 before sanctions were imposed, and fell to $20.3 billion in 2014, according to the U.S. Trade Representative's office.

Since then though, Trump's Russian Federation agenda has been bogged down in allegations that Moscow helped him get elected, and a backlash from Congress that resulted last week in the United States imposing a new set of sanctions on Moscow.

"We felt the readiness of our USA colleagues to continue dialogue".

Russian Federation has repeatedly rejected allegations that it interfered in the U.S. election while Trump has denied any collusion with Moscow.

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Mr Tillerson on Monday said he discussed the pending removal of consular staff with Mr Lavrov.

Speaking Monday, Tillerson said he discussed the pending removal of consular staff with Lavrov: "I told the foreign minister we had not made a decision regarding how we will respond to Russia's request to remove USA diplomatic personnel".

Ryabkov expressed doubt that significant US-EU differences on the issue of anti-Russia sanctions were possible, adding that he did not believe in Europe's independence. "We will work to minimize the damage from what has been done", the senior Russian diplomat added. The sanctions are partly aimed at Russia's energy sector, imposing new boundaries on USA investment in oil companies.

By contrast, U.S. trade with the European Union totaled over $3.6 trillion in 2014, and trade with China was almost $687 billion, according to the U.S. Census Bureau.

"For the Trump administration, it's first about isolating and addressing the North Korea threat and later perhaps about re-balancing China and regaining a bigger place at the Asean table", the article quoted Thitinan Pongsudhirak, director of the Institute of Security and International Studies at Chulalongkorn University in Bangkok, as saying. "Unsurprisingly, Russia can not simply ignore action of this kind, including the unlawful seizure of Russian diplomatic property since December a year ago".

Russian Foreign Minister Sergei Lavrov said on Sunday that despite tensions with Washington, he believed his USA colleagues were prepared to keep communication lines open with Moscow. The two top officials discussed the Ukraine situation and several other issues of interest to the two countries.

"However, North Korean representatives reacted in the same manner to all previously passed resolutions of the UN Security Council". Mr Lavrov said that United States military preparations in the Korean Peninsula area are only escalating tension and this should be avoided. "Other current worldwide matters, including the internal conflict in Ukraine, were also discussed", the Ministry wrote.

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