Foreign Affairs Minister Peter Shanel says Solomon Islands is not interested and will definitely not be involved in any chequebook diplomacy with Russia.
This statement comes following a high-level meeting between Mr Shanel and Russian Foreign Minister, Sergei Lavrov, in Fiji last week.
The meeting was aimed at speeding up diplomatic links between the two countries.
This was after growing concerns that Russia's interest in the Pacific is about winning recognition for the disputed states of South Ossetia and Abkhazia; with Australia the first to step in and warn Solomon Islands of Russia's intentions.
Australia's Parliamentary Secretary for the Pacific Islands Affairs Richard Marles speaking to ABC News warned the Solomon Islands on the danger of chequebook diplomacy.
However, Mr Shanel said although South Ossetia and Abhkazia have been raised by Russia in the past it was never raised in his talks with Mr Lavrov.
Therefore, Mr Shanel said the Solomon Islands would not be involved in any chequebook diplomacy.
Chequebook diplomacy is used to describe international policy openly using economic aid and investment between countries to carry diplomatic favor.
One most significant example of chequebook diplomacy is the situation in East Asia where there has been the competition between the China and Taiwan to gain "recognition" with entities around the world, notably in the Pacific.
Australia and New Zealand were clearly unhappy over the Pacific Island countries meeting with Russia in Fiji last week, questioning Russia's interest in the Pacific region.
It is understood the two countries were concerned that Russia's ties with Solomon Islands would also influence China's growing interest in the pacific island nations.
Meanwhile, The Solomon Star understands the proposed diplomatic ties between Russia and the Solomon Islands will be formalized in October this year when Mr Shanel and Mr Lavrov meet again at the United Nations General Assembly.
By DOUGLAS MARAU
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