Philippines: Medvedev calls economic sanctions 'tool of competition' at ASEAN summit

Russian Prime Minister Dmitry Medvedev said that economic sanctions have become a «tool of competition» during the ASEAN Business and Investment Summit in Manila, Monday. Medvedev expressed concern over the fact that «methods of the so-called protectionism are increasingly implemented [in the world economy], while economic sanctions have become a tool of competition.» In reference to the... Еще trade turnover between Russia and ASEAN member-countries, the Russian Prime Minister mentioned that «it is not as big as we would like it to be,» adding, that «it could be many times higher, potentially dozens of times.» Medvedev added that «together with our partners in the Eurasian Economic Union (EAEU) we are interested in a wider cooperation with ASEAN members based on universal principles and the norms of international trade.»

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