Chinese President Xi Jinping and Russian Vladimir Putin (Photo: AFP/VNA)

During the forum, President Vladimir Putin noted that Russia and China advocate the use of national currencies in transaction, amid continuing risks in the global economy.

The two leaders also called for promoting sub-national cooperation to cement bilateral relations and benefit both peoples.

Mr Putin, on his part, said that it was vital for peace on the Korean Peninsula that the United States and the Democratic People’s Republic of Korea (DPRK) normalize their troubled relationship.

On the same day, Japanese Prime Minister (PM) Shinzo Abe and Mongolian President Khaltmaa Battulga also agreed to closely cooperate in settling the issue of DPRK’s past abductions of Japanese nationals, with Ulan Bator maintaining diplomatic ties with Pyongyang.

Addressing the outset of their meeting on the sidelines of a regional economic forum, PM Shinzo Abe said Japan would like to realize peace and stability in the region by responding to various challenges, including the DPRK issue, hand in hand with Mongolia.

The EEF, which has been held annually since 2015, was established to develop political, economic and cultural ties between Russia and the Asia-Pacific region.

Mr Shinzo Abe, along with other participating leaders, is scheduled to deliver a speech in Wednesday’s plenary session./.

Compiled by BTA