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Al-Baghdadi may have been killed in northern Syria, Moscow says.
Russia and Western nations also find themselves on opposing sides of the Syrian civil war.
BRICS' Russia and Brazil will in 2017 emerge from weak growth and head strong into 2018, the report says.
SPIEF is an annual Kremlin-run, high-profile gathering of business and political figures.
The disputed islands were occupied by Soviet forces in 1945 and are today home to thousands of Russian civilians.
France has tried to mediate an end to the Ukraine crisis, but has opposing views to Russia's involvement in Syria.
Russia is our most important strategic partner in working on the Belt and Road, Wang Yi said.
China is now the fourth jumbo jet producer after the United States, Western Europe and Russia.
Earlier this year, Erdogan praised the two countries' friendship, saying it is "strong enough to overcome their differences".
