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Key Points

President Putin strongly opposes Western sanctions ahead of the SCO Summit, calling them discriminatory. He highlights Russia's unprecedented relationship with China, including massive trade growth in national currencies. The Russian leader emphasizes the SCO's role in creating a fairer global order. Putin will meet with PM Modi and President Xi during the summit to strengthen Eurasian cooperation.

Key Points: Putin Slams Western Sanctions Ahead of SCO Summit with Modi Xi

  • Putin condemns Western sanctions as discriminatory and harmful to BRICS development
  • Russia-China trade grew by $100 billion since 2021 using rubles and yuan
  • SCO Summit aims to create fairer multipolar world order with UN coordination
  • Putin and Modi to hold crucial bilateral meeting during China summit
2 min read

Putin opposes discriminatory Westerns sanctions ahead of SCO Summit, says they hinder development of BRICS

Russian President Putin criticizes discriminatory Western sanctions, highlights unprecedented Russia-China ties, and promotes ruble-yuan trade ahead of SCO Summit.

"Drawing on these values, the SCO contributes to shaping a fairer, multipolar world order - Vladimir Putin"

Moscow, August 30

Russian President Vladimir Putin has taken a firm stance against the "discriminatory" sanctions imposed by the US and the European Union on Moscow amid the war against Ukraine.

In an interview with the Xinhua News Agency ahead of the Shanghai Cooperation Organisation (SCO) Summit, Putin stated that Russia and China share a common stance against discriminatory sanctions that hinder the socioeconomic development of BRICS members and the world at large.

Ahead of the SCO summit, Putin emphasised that Russia and China relations have reached an "unprecedented level," noting that bilateral trade with Moscow's leading partner has grown by about USD 100 billion since 2021.

"In terms of trade volume, China is by far Russia's leading partner, while last year Russia ranked fifth among China's foreign trade partners," Putin told Xinhua news agency, adding that transactions between Russia and China are almost completely carried out in rubles and yuan.

Putin also reaffirmed that China remains its leading importer of oil and gas, adding that the two sides continue their joint efforts to reduce bilateral trade barriers.

The Russian President hoped that the summit would strengthen SCO's capacity to respond to contemporary challenges and threats and help in "shaping a fairer multiple world order."

"Drawing on these values, the SCO contributes to shaping a fairer, multipolar world order, grounded in international law, with the central coordinating role of the United Nations," Putin said.

"A major element of this global vision is the creation in Eurasia of an architecture of equal and indivisible security, including through close coordination among SCO member states," he added.

Speaking about BRICS, Putin said that Russia and China are paying special attention to mobilising additional resources for critical infrastructure projects, and stand united in strengthening BRICS' ability to address pressing global challenges.

Russian President Putin will attend the SCO Summit in Tianjin on August 31 and September 1.

PM Modi will also travel to the China-SCO Summit in Tianjin after concluding his visit to Japan. During his visit to China, PM Modi will hold two crucial bilateral meetings, one with the Chinese Premier Xi Jinping and one with Russian President Vladimir Putin.

- ANI

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Reader Comments

P
Priya S
Interesting to see Russia-China trade growing so much. Hope PM Modi can secure good deals for India during these meetings. Our economy needs all the boost it can get!
A
Aditya G
Multipolar world order sounds good in theory, but let's see how it works in practice. Hope India gets its due place in these new global arrangements 🤞
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Nikhil C
While I support reducing dependency on Western currencies, we must ensure that India's interests are protected in these ruble-yuan transactions. Strategic autonomy is crucial for our nation.
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Sarah B
As an expat in India, I find these geopolitical shifts fascinating. The world is definitely changing, and organizations like BRICS and SCO are becoming more relevant. Hope peace prevails.
M
Meera T
Infrastructure projects through BRICS could benefit India greatly, especially in transportation and energy sectors. Hope our government negotiates good terms for Indian companies and workers 🏗️

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