Putin Says Russia, China ‘United In Strengthening BRICS; Slams ‘Discriminatory’ Sanctions | World News

Russian President Vladimir Putin claimed that Moscow and Beijing are united to strengthen the BRICS group to address global issues, including “opposition to” discriminatory sanctions “, which he claimed to have prevented the socioeconomic development of member states and the wider international community.

In an interview with the Xinhua News Agency, before the 25th Shanghai Cooperation Organization (SCO) summit in the Municipality of China, the Russian President emphasized the role of BRICS in the transformation of global architects into basic columns and supporting the important foundations in global reforms and underlining the deepening between the two nations.

“We are working closely with China in BRICS to expand its role as the basic pillar of global architecture. Together, we are progressing attempts to expand economic opportunities for member states, including the creation of common platforms for partnership in strategic sectors,” Putin said. He said.

“We are united in BRICS to strengthen the ability to deal with emergency challenges, to share similar views on regional and international security, and to take a common attitude towards discriminatory sanctions that prevent the socioeconomic development of our members and the world.”

Russian President is currently joining the Summit of the 25th SCO State Council Presidents in China between August 31 and September 1. During the summit, Prime Minister Narendra Modi is expected to have bilateral talks on the edge.

During his interview with the Xinhua News Agency, Putin reiterated support for the reshaping of the World Bank and the World Bank and called for a “new financial system” based on “real equality” and equal access to all nations.

Russian President has criticized the use of financial vehicles as a “neo-colonialism” form and said BRICS is looking for inclusive progress that benefits the “global majority”.
“In addition to our Chinese partners, we support the International Monetary Fund and the Reform of the World Bank. A new financial system should be based on openness and real equality, providing equal and discriminatory access to all countries and reflecting the real stance of the global economy. Enters Putin, which is quoted by Xinhua News Agency.

Putin also praised China’s role in the G20, during his interview with the Xinhua News Agency, said that Russia and China’s agenda of the group, along with other similar thinking nations, reflect the Global South’s priorities. He welcomed the inclusion of the African Union in the G20 framework and directed “deepening synergies” between BRICS and other global groupings.

“In the G20, we have directed to the issues of real importance for the global majority, together with similar thinking countries and especially BRICS members, in the G20, we have strengthened the format between the G20 and BRICS.” He said.