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China supports the initiative of Russian President Vladimir Putin to hold a summit in 2020 of leaders of countries that are permanent members of the UN Security Council, TASS reported referring to Chinese MFA spokesperson.

"Global instability and uncertainty are increasing, while multilateralism and the role of the United Nations are facing clear challenges," the statement reads. "China supports Russia’s initiative to hold a summit of the UNSC permanent members and is ready to maintain contact and coordinate activities with Russia and other permanent members of the UN Security Council," Hua Chunying added.

Russian President proposed to hold a summit of the leaders of Russia, China, US, France and UK in 2020. According to him, the founding countries of the UN can and should set an example to preserve peace.

The Russian leader believes that the summit can be held anywhere in the world where it will be convenient for colleagues. He assured that Russia is ready for such a serious conversation and intends, without delay, to send appropriate messages to the leaders.

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