Russian oil company CEO: US trade restrictions failed to block China's economic growth momentum.

According to a report by TASS on the 21st, Igor Sechin, CEO of Russian oil company, said recently at the 28th St. Petersburg International Economic Forum in Russia that the trade restrictions imposed by the US have failed to stop the momentum of China's economic growth. "One of the recent ways the US has dealt with the budget deficit is through imposing trade restrictions. However, the sharp increase in import tariffs has led to disruptions in the supply chain, shortages of goods, and inflation. The restrictions imposed this year have had minimal impact on China," Sechin said. On the contrary, Sechin added that the World Bank has lowered its GDP growth forecast for the US to 1.4% in its latest report, but has kept its forecast for China unchanged.