India, China key partners of Russia : Medvedev

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Moscow, Nov 5 (UNI) Russian President Dmitry Medvedev in his address to the joint session of parliament today said India and China are the key partners of Russia in the formation of a new world financial system and security architecture.

''We will work with our key partners India, China as well as the new US administration and EU for the creation of a just financial order and new security architecture, when one nation does not try to resolve its problems at the cost others,'' Medvedev said.

He said the global financial crisis would lead neither to nationalization, nor a stripping away of democratic freedoms in Russia.

He also said Russians' political and economic rights would not be affected by military or diplomatic tensions.

''The dramatic fluctuations in the political and economic situation, the turbulent global economy, and even the escalation of military and political tensions will not be used as a pretext for dismantling democratic institutions or nationalizing industries and banks," Mr Medvedev said.

''The lessons of the mistakes and crises of 2008 proved to all responsible nations that it is time to act and radically reform political and economic systems," he said, adding Russia would cooperate on this issue with the US, the EU, BRIC (Brazil, Russia, India and China) colleagues - and with all interested countries.

''We will do everything possible to make the world more just and secure. I believe we will succeed because our country is strong both economically and politically," he said.

Mr Medvedev said Russia had sent its proposals on reforming the global economic system to the G-20, representing the world's largest economies, which is to meet in Washington on November 14-15.

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