The coast guards from China and Russia are conducting joint drills in the waters near the Peter the Great Gulf of Russia, which started on Monday and will end on Friday.
China Coast Guard (CCG) vessels Meishan and Xiushan are taking part in the joint drills, which focus on maritime security threat crackdown and maritime rescue.
According to the schedule, following the joint drills, the vessel formations of the two sides will jointly patrol waters in the northern Pacific Ocean on Saturday.
According to the CCG, the drills and patrol tasks are not aimed at any third party and are unrelated to the current international and regional situations.
The purpose is to consolidate and deepen the friendly and practical cooperation between the maritime law enforcement forces of the two countries, improve joint patrol organizational and coordination mechanisms, and enhance their ability to jointly respond to various maritime security threats, it added.
Coast guards from China, Russia hold joint drills
Coast guards from China, Russia hold joint drills
Coast guards from China, Russia hold joint drills
U.S. stocks ended lower on Wednesday, after the Federal Reserve announced a 0.5-percentage-point interest rate cut.
The Dow Jones Industrial Average fell 103.08 points, or 0.25 percent, to 41,503.1. The Standard and Poor's 500 sank 16.32 points, or 0.29 percent, to 5,618.26. The Nasdaq Composite Index shed 54.76 points, or 0.31 percent, to 17,573.3.
Nine of the 11 primary Standard and Poor's 500 sectors ended in red, with utilities and technology leading the laggards by losing 0.77 percent and 0.51 percent, respectively. Meanwhile, energy and communication services led the gainers by rising 0.25 percent and 0.02 percent, respectively.
The U.S. Fed cut interest rates by 50 basis points on Wednesday, bringing the benchmark rate to a range of 4.75 percent to 5 percent, the first rate cut in four years.
In its policy statement, the Fed said that the decision reflected "greater confidence that inflation is moving sustainably towards two percent" and that the central bank "judges that the risks to achieving its employment and inflation goals are roughly in balance."
Following the cut on Wednesday, U.S. stocks experienced volatile trading, swinging between gains and losses throughout the session.
US stocks close lower on Wednesday following Fed rate cut
