UK, France agree to coordinate nuclear deterrents – UK PM

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

LONDON, July 10 (Xinhua) — British Prime Minister Keir Starmer said on Thursday that Britain and France have signed a new agreement that will allow the two countries to coordinate their nuclear deterrents for the first time.

During a joint press conference with French President Emmanuel Macron at the Northwood military base outside London, Starmer said the two countries had signed the Northwood Declaration, which he said was intended to demonstrate to their adversaries that any attack would be met with a response from both countries.

In turn, E. Macron, who ends a three-day state visit to the UK on Thursday, stressed the importance of cooperation between the two countries in the field of defense and security. He noted that times in Europe have changed, and the British-French partnership “must change accordingly.”

The French leader said both countries must confront a major conflict in Europe, referring to the conflict between Russia and Ukraine. He added that Europe must be able to rely on the strategic cooperation of Britain and France, the only nuclear powers in Europe.

The statement from the British Prime Minister's residence in Downing Street speaks of an "extraordinary threat to Europe" that will provoke a response from both countries. "Any adversary threatening the vital interests of the United Kingdom or France will face the power of the nuclear forces of both states," the document emphasizes.

Under the updated deal, London and Paris also plan to order more Storm Shadow cruise missiles with high lethality, while accelerating the replenishment of their arsenals, according to the statement. –0–

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China hopes to optimize trade, expand cooperation with Egypt – Premier of the State Council of the People's Republic of China

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

CAIRO, July 10 (Xinhua) — China is willing to work with Egypt to advance the optimization and development of bilateral trade and create more bright spots for cooperation and new economic growth points, Chinese Premier Li Qiang said in Cairo on Thursday.

As Li Qiang noted during talks with Egyptian Prime Minister Mostafa Madbouly, the two countries can expand cooperation in emerging areas such as new energy, electric vehicles, artificial intelligence and the digital economy.

The Premier stressed that China always prioritizes developing relations with Egypt in its diplomacy in the Middle East.

He recalled that in 2024, China and Egypt jointly celebrated the 10th anniversary of the establishment of comprehensive strategic partnership relations, and the two meetings between Chinese President Xi Jinping and Egyptian President Abdel Fattah el-Sisi set guidelines for the future development of bilateral ties.

In 2026, China and Egypt will celebrate the 70th anniversary of the establishment of diplomatic relations. As Li Qiang pointed out, at this important juncture, China hopes to maintain close high-level exchanges with Egypt, strengthen strategic dialogue, deepen political mutual trust and practical cooperation.

The Chinese leader called on both sides to support each other on the path to modernization, bringing more benefits to the peoples of the two countries.

The Premier of the State Council said that China is willing to work with Egypt to strengthen the alignment of development strategies, expand and increase investment and cooperation within the framework of high-quality joint construction of the Belt and Road, and effectively implement projects to improve people's well-being.

As Li Qiang noted, the two sides should intensify cultural and humanitarian exchanges and mutual learning, deepen cooperation in the fields of culture, tourism, media, youth and at the local level, strengthening public support for friendly cooperation between the two countries.

The Chinese side supports Egypt in strengthening its role in international and regional affairs, and is willing to closely coordinate and cooperate with Egypt within the framework of multilateral mechanisms such as the UN and the Shanghai Cooperation Organization to implement genuine multilateralism, uphold economic globalization and the international economic and trade order, safeguard the common interests of a wide range of developing countries, and promote peace and stability in the Middle East and the world, the Chinese premier added. –0–

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China hopes to optimize trade and expand cooperation with Egypt – Premier of the State Council of the People's Republic of China /more details/

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

CAIRO, July 10 (Xinhua) — China is willing to work with Egypt to advance the optimization and development of bilateral trade and create more bright spots for cooperation and new economic growth points, Chinese Premier Li Qiang said in Cairo on Thursday.

As Li Qiang noted during talks with Egyptian Prime Minister Mostafa Madbouly, the two countries can expand cooperation in emerging areas such as new energy, electric vehicles, artificial intelligence and the digital economy.

The Premier stressed that China always prioritizes developing relations with Egypt in its diplomacy in the Middle East.

He recalled that in 2024, China and Egypt jointly celebrated the 10th anniversary of the establishment of comprehensive strategic partnership relations, and the two meetings between Chinese President Xi Jinping and Egyptian President Abdel Fattah el-Sisi set guidelines for the future development of bilateral ties.

In 2026, China and Egypt will celebrate the 70th anniversary of the establishment of diplomatic relations. As Li Qiang pointed out, at this important juncture, China hopes to maintain close high-level exchanges with Egypt, strengthen strategic dialogue, deepen political mutual trust and practical cooperation.

The Chinese leader called on both sides to support each other on the path to modernization, bringing more benefits to the peoples of the two countries.

The Premier of the State Council said that China is willing to work with Egypt to strengthen the alignment of development strategies, expand and increase investment and cooperation within the framework of high-quality joint construction of the Belt and Road, and effectively implement projects to improve people's well-being.

As Li Qiang noted, the two sides should intensify cultural and humanitarian exchanges and mutual learning, deepen cooperation in the fields of culture, tourism, media, youth and at the local level, strengthening public support for friendly cooperation between the two countries.

The Chinese side supports Egypt in strengthening its role in international and regional affairs, and is willing to closely coordinate and cooperate with Egypt within the framework of multilateral mechanisms such as the UN and the Shanghai Cooperation Organization to implement genuine multilateralism, uphold economic globalization and the international economic and trade order, safeguard the common interests of a wide range of developing countries, and promote peace and stability in the Middle East and the world, the Chinese premier added.

M. Madbouly, for his part, noted that Egypt and China have long-standing and deep relations, and traditional friendship is deeply rooted in the hearts of the peoples of both countries.

Pointing out that in recent years, under the leadership of the two heads of state, the Egyptian-Chinese comprehensive strategic partnership has shown strong momentum and is experiencing the best period in history, M. Madbouly stressed that Egypt firmly adheres to the one-China principle, respects the sovereignty and territorial integrity of the PRC, resolutely supports China's position on issues related to Taiwan, Xi Jinping and Hong Kong, and is categorically opposed to any interference in China's internal affairs.

He expressed gratitude to China for its assistance in Egypt's socio-economic development and said that his country is willing to work with China to deepen political mutual trust, strengthen cooperation in traditional areas such as trade, investment, finance, industry and infrastructure, expand cooperation in emerging sectors including new energy, green economy and space, intensify cultural and people-to-people exchanges and promote ever-new achievements in African-Chinese and Arab-Chinese cooperation.

According to Madbouly, Egypt highly appreciates China's fair and just position on Middle East issues and is willing to strengthen coordination with China within the UN, BRICS and other multilateral platforms to protect common interests and maintain peace and stability in the region.

Following the talks, the heads of government of the two countries attended the signing of a number of documents on cooperation in areas such as e-commerce, green and low-carbon development, development assistance, finance and healthcare. –0–

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Trump's Tariffs Against BRICS Will Hurt US Trade Positions – Russian Economist

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Moscow, July 10 /Xinhua/ — The introduction of customs duties on goods from BRICS countries by the United States may lead to the country finally losing its role as an arbiter in global trade, Igbal Guliyev, dean of the financial economics department at MGIMO University of the Russian Foreign Ministry, expressed this opinion in an interview with TASS.

US President Donald Trump's statement about the possible introduction of 10% tariffs on BRICS goods marks the beginning of a new phase of economic conflict, a Russian economist believes. According to him, the BRICS countries are forming a new architecture in the financial, technological and institutional spheres, challenging the dominance of the dollar. The US response in the form of tariff pressure is intended to destabilize this alternative model. However, such measures may have the opposite effect.

According to I. Guliyev, the reaction of the BRICS countries will be symmetrical and strategically thought out. This could lead to the acceleration of de-dollarization and the creation of a new system of international settlements, which will become the birth of a truly multipolar trading system. –0–

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China's Vice Premier Calls for Continued Efforts to Prevent Floods, Reduce Damage from Natural Disasters

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

SHIJIAZHUANG, July 10 (Xinhua) — Chinese Vice Premier Zhang Guoqing has stressed the need to continue all-round efforts to combat floods and reduce losses from natural disasters to ensure the safety of people and their property to the fullest extent.

Zhang Guoqing, also a member of the Politburo of the CPC Central Committee, is on an inspection tour of Henan Province in central China and Hebei Province in northern China from July 9 to 10, checking the progress of preparatory work at a number of flood-control projects.

Noting that some parts of China have recently experienced heavy rains, mountain floods and landslides, Zhang Guoqing called on all relevant departments to make every effort to help the affected areas in disaster relief and recovery.

He called for proactive measures to identify hazards early and respond promptly.

As the country enters a key period of flood control and an active typhoon season, all local government bodies and relevant departments must be fully prepared for extreme situations, especially at the grassroots level, Zhang Guoqing stressed. –0–

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Vice Premier of the State Council of China calls for increasing fundamental research and scientific and technological innovation in pharmaceuticals

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 10 (Xinhua) — Chinese Vice Premier Liu Guozhong on Thursday stressed the need to enhance fundamental research and scientific and technological innovation capacity in the pharmaceutical field.

Liu Guozhong, also a member of the Politburo of the CPC Central Committee, visited the Institute of Materia Medica of Peking University, where he learned about the pharmacological research and development, construction progress and operation of key laboratories, and held a symposium to hear opinions and suggestions from various interested parties.

According to the Vice Premier of the State Council, it is necessary to intensify joint research and policy implementation, putting people's lives and health first, and promote the development of innovative drugs and medical equipment, thereby providing strong support for the promotion of the Healthy China initiative.

Noting the positive dynamics of innovative development of Chinese pharmaceuticals in recent years, Liu Guozhong called for joint research efforts by enterprises, universities, research institutes and medical institutions, stressing that new technologies such as artificial intelligence and big data should be fully utilized to accelerate the formation of databases related to life and health.

Liu Guozhong also called for expanding high-level opening-up and deepening international exchanges and cooperation in pharmaceutical technology to better protect people's health and well-being. –0–

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“10 plus 3” countries should continue the process of regional integration – Chinese Foreign Minister

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

KUALA LUMPUR, July 10 (Xinhua) — The more complex the international situation becomes, the more urgent it is for the Association of Southeast Asian Nations (ASEAN), China, Japan and the Republic of Korea (ROK) (the "10 plus 3" format) to remove obstacles and continue to advance the process of regional integration, Chinese Foreign Minister Wang Yi said in Kuala Lumpur on Thursday.

Wang Yi, who is also a member of the Politburo of the CPC Central Committee, made the statement during a meeting of foreign ministers in the “10 plus 3” format.

The Chinese diplomat noted that since the establishment of the “10 plus 3” cooperation mechanism, its participating countries have consistently strengthened their crisis response capacity, advanced the process of economic integration, and jointly created new impetus for development.

Focusing on development and promoting cooperation is the trend and leitmotif of current East Asian cooperation, Wang Yi emphasized, noting that at the same time, countries are facing challenges such as attacks by unilateralism and protectionism and abuse of customs duties by some major powers.

The Chinese Foreign Minister pointed to the need to continuously increase the momentum of cooperation and enhance the sustainability of development, putting forward four proposals for cooperation in the next stage.

First, build an integrated East Asia. We must firmly oppose the "building of walls and barriers." China is willing to work with all parties to implement the leaders' statement and continue to strengthen mutually beneficial cooperation in industrial and supply chains, Wang said.

Second, build a strong and sustainable East Asia. It is necessary to plan the future direction of regional financial cooperation. China hopes to work with all parties to find ways to update the mechanisms and raise the level of regional cooperation in the field of food security based on the active formation of an emergency rice reserve of the "10 plus 3" countries, the head of the Chinese Foreign Ministry noted.

Third, build an innovative and dynamic East Asia. We should seize the opportunities created by the new round of scientific and technological and industrial revolutions, and promote transformation and development through innovation, Wang Yi emphasized.

Fourth, build an East Asia with cultural and humanitarian connectivity. It is important to properly implement the CAMPUS Asia program and promote student exchanges and personnel training in the “10 plus 3” countries, the Chinese diplomat added.

Wang Yi said that regardless of changes in the external environment, China is willing to use its own stable development to inject new impetus into the overall development of the region, provide new opportunities, and jointly create a brighter future for East Asia.

ASEAN Foreign Ministers commended China, Japan and ROK for their support for ASEAN's central role.

They recalled that the “10 plus 3” mechanism was created in response to the Asian financial crisis, adding that cooperation in this format has been noticeably effective.

In the context of growing unilateralism, increasing tariff and trade barriers, and worsening geopolitical tensions, cooperation in the “10 plus 3” format is acquiring particular value, the heads of the ASEAN foreign policy agencies emphasized. According to them, this mechanism should continue to play a strategic leading role, promoting inclusive development and sustainable peace in the region. –0–

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China urges EU to view bilateral trade and economic relations without emotions and prejudices — Ministry of Commerce of the PRC

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, July 10 (Xinhua) — China on Thursday called on the European Union to view bilateral economic and trade relations without emotion and prejudice, recalling that this year marks the 50th anniversary of the establishment of diplomatic ties between China and the EU and will see important high-level exchanges.

Commenting on recent statements by European Commission President Ursula von der Leyen, Chinese Ministry of Commerce spokesperson He Yongqian said at a regular briefing for journalists that China hopes the European side will step up communication, openness, action and consultation, rather than resort to blaming, protectionism, worrying and labeling.

The official representative drew attention to the fact that the EU leader’s statements do not reflect the objective state of the current Chinese-European trade and economic relations and the progress achieved as a result of dialogue between the relevant departments of the parties.

On market access, He Yongqian pointed out that China has been steadily expanding high-level opening-up, completely lifting restrictions on foreign investment in the manufacturing sector and actively increasing imports from Europe through platforms such as the China International Import Expo.

The European Union, on the contrary, has in recent years resorted to protectionism under the pretext of fair trade, abused trade protection instruments and exploited loopholes in international trade rules to create unilateral instruments that are contrary to the fundamental principles of the World Trade Organization (WTO) and the spirit of free trade, the official representative stated.

According to He Yongqian, the EU often initiates investigations against Chinese enterprises over subsidies and other issues, which leads to continuous regression of market opening and deterioration of the business environment.

On the topic of subsidies, the official representative pointed to the EU's double standards, noting that the largest source of subsidies has traditionally been the EU itself. Its subsidies, which are provided to the aviation, agricultural and other sectors, have been recognized as violations by the WTO.

According to incomplete statistics, the EU plans to provide various subsidies totaling more than 1.44 trillion euros from 2021 to 2030, with EU member states offering additional subsidies worth hundreds of billions of euros, He Yongqian noted.

Speaking about public procurement, she noted that in reality there are many hidden barriers in the European public procurement market and it is not at all as fair and open as the European side claims, while the EU has measures in place that stimulate the purchase of European goods.

The European side is using international procurement instruments to take measures to restrict the participation of Chinese companies and products in public procurement of medical equipment, He Yongqian noted, adding that it was against this backdrop that China had to take mirror measures to protect the legitimate interests of its enterprises.

Touching on the topic of export controls, the official representative stressed that China's measures are cautious and proportionate, covering far fewer items than the EU's export control list. He Yongqian recalled that China has created a special "green corridor" for accelerated review and approval for European enterprises, while the EU's export controls in the high-tech sector are characterized by lengthy approvals and cumbersome procedures.

Speaking about so-called excess capacity, the spokeswoman said excess capacity should not be measured solely by production or export volume. She said China's new energy sector is actually facing a shortage of capacity in the global and long-term.

As He Yongqian noted, the problem is not China's “overcapacity” but rather the EU's excessive anxiety caused by chronic underinvestment in R&D and the declining competitiveness of European industry.

The official added that China hopes to work with the EU to expand mutual market access, strengthen dialogue on government procurement and export controls, deepen cooperation in supply chains, and advance WTO reform to bring more stability, certainty and positive energy to the construction of an open global economy. –0–

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Alexey Overchuk took part in the opening ceremony of the XXXIV International Festival of Arts "Slavianski Bazaar in Vitebsk"

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Source: Government of the Russian Federation – Government of the Russian Federation –

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The International Arts Festival “Slavianski Bazaar in Vitebsk” is a large-scale cultural project that promotes humanitarian cooperation.

The opening ceremony of the XXXIV International Festival of Arts "Slavianski Bazaar" took place in Vitebsk. It is a large-scale cultural project that promotes humanitarian cooperation, as well as the revival and development of artistic culture and art.

At the opening ceremony, Deputy Prime Minister Alexey Overchuk read out the welcoming words of Russian President Vladimir Putin to the festival participants and guests: “Dear friends! I cordially welcome you on the occasion of the opening of the next, XXXIV International Arts Festival “Slavianski Bazaar in Vitebsk”.

The festival, held in the ancient and beautiful Belarusian city, makes a significant contribution to strengthening spiritual ties between the fraternal Slavic peoples, to the development of mutually beneficial humanitarian cooperation. Its motto – "Through art to peace and mutual understanding" – sounds especially relevant in the current difficult international conditions.

This year the program of the "Slavianski Bazaar" is very rich and diverse. Several festival venues will host performances by famous singers and artists, musical, folklore and pop groups, numerous theatrical productions, exhibitions and presentations. Much attention is paid to the children's audience: various creative competitions for young performers are planned.

A special place in the program is occupied by events dedicated to the 80th anniversary of the Victory in the Great Patriotic War – the most important event in our common history. I am sure that the great power of art will help preserve the grateful memory of the glorious deeds of our fathers and grandfathers who fought shoulder to shoulder against the fascist invaders, and pass on to the younger generations the good traditions of fraternal friendship and mutual assistance bequeathed by them.

I would like to express my sincere gratitude to everyone who took part in organizing the festival, wish its participants inspiration and success, and the guests – bright, unforgettable impressions.”

The International Festival of Arts "Slavianski Bazaar" has been held since 1992. This year, artists from more than 40 countries are taking part in it; the festival events are taking place in Vitebsk from July 8 to 14.

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Financial news: Monitoring of industry financial flows: payments in June at the level of the first quarter

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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In June, the volume of incoming payments processed through the Bank of Russia increased after a decline in May and was 0.1% higher than the average level in Q1 2025.

Excluding extractive industries, oil product manufacturing and public administration, receipts decreased by 0.6%. A decrease in incoming payments in June was recorded in the consumer, investment and external demand sectors.

Read more in the next issue "Monitoring of industry financial flows".

Preview photo: thinkhubstudio / Shutterstock / Fotodom

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