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Putin and Xi have both vowed to establish a new security architecture in the Asia Pacific.
Putin in Seoul in November 2013 backed a new Asian-European rail trade route, a transport corridor linking the Asia-Pacific region, Central Asia, and Europe.
The two allies are planning on joint construction of a western route (gas pipeline) that will fully cross the Siberian Federal District.
Russia would, however, continue to participate in the G20, which includes the most developed and major developing countries of the world, said the Kremlin.
The unabated violence comes just over a month after millions of Iraqis voted in the first general elections since US forces left the country.
Indian minister for Home Affairs Rajnath Singh has said last week he would increase Indian forces on the China-India border.
The Central Bank lowered its economic growth outlook for South Africa for 2014 from 3% in November to 2.1% in May.
The decision to drop Russia from the group was taken by seven other countries in March, after Crimea’s accession to Russia.
Euro observers also expect the European Central Bank to cut its already very low interest rate from 0.25 to 0.1 per cent.
More than 170,000 soldiers, police and private security personnel are expected to be deployed in Brazil's 12 host cities.
