Putin says US push for dominance is recipe for trade and real wars; slams attempts to 'push' Huawei from global markets

WION Web Team St Petersburg, Russia Jun 07, 2019, 05.49 PM(IST)

Participants listen to Russian President Vladimir Putin, who delivers a speech during a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 7, 2019. Photograph:( Reuters )

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Speaking at an economic forum, attended by Chinese President Xi Jinping in St Petersburg, Putin complained about what he called unfair competition and protectionism.

Russian President Vladimir Putin on Friday said that US efforts to foist its dominance on other countries was a recipe for trade and real wars.

Speaking at St. Petersburg International Economic Forum, attended by Chinese President Xi Jinping, Putin complained about what he called unfair competition and protectionism.

The US approach fostered a battle without rules where everyone was pitted against one another, he added.

The Russian President denounced "unceremonious attempts at pushing Huawei from the international market."

"In some circles this is even being called the first technological war of the dawning digital era," Putin said.

Despite international concerns that it could present a security risk, Huawei on Wednesday signed an agreement with Russian telecoms company MTS to develop a 5G network in the country, on the sidelines of a meeting between Putin and Xi in Moscow.

The Chinese telecom giant has been in turmoil since May, when US President Donald Trump's administration banned US companies from selling high-tech equipment to Huawei over suspicions it is spying for Beijing.

Several companies have already distanced themselves from Huawei, including Google, whose Android system equips the vast majority of smartphones in the world.

Huawei's reported potential involvement in Britain's 5G network has proved politically sensitive and Theresa May's government insisted no decision has been made on the issue.

Putin said that the United States was trying to enforce its legal power across the world.

Putin also said 'role of dollar' should be revisited in global trade.

(With inputs from agencies)