Russian President Vladimir Putin on Thursday stated a multipolar world has turn out to be a actuality, with worldwide buildings just like the Shanghai Cooperation Organization (SCO) and the financial bloc BRICS serving as its foremost pillars.
Speaking at a gathering of the SCO Council of Heads in Astana, Kazakhstan, Putin stated these associations act “as a powerful engine for the processes of global development and the establishment of genuine multipolarity.”
“A multipolar world has turn out to be a actuality. The Shanghai Cooperation Organization, together with the BRICS, are the primary pillars of the rising new world order.
“The circle of states advocating a just world order and ready to resolutely defend their legitimate rights and protect traditional values is expanding, new centers of power and economic development are emerging and strengthening,” he asserted.
Putin praised China’s initiative on “world unity for just peace and harmony,” saying it’s “clearly aimed at developing confidence-building measures in the field of stability and security, primarily in our common Eurasian region.”
He stated the SCO leaders mentioned and accepted long-term pointers for additional deepening mutual cooperation not solely in politics and safety, but additionally within the financial system, power, agriculture, excessive applied sciences, and improvements.
“Close economic ties bring obvious dividends to all participants. The facts speak for themselves — the average GDP growth of the member countries of our organization last year amounted to more than 5%, industrial production — 4.5%, while the inflation rate increased only by 2.4%. Russia’s trade turnover with the SCO states increased by a quarter,” he famous.
Putin highlighted the expansion of funds in nationwide currencies among the many SCO member-states, noting that their share in Russia’s business transactions with the group’s individuals exceeded 92% within the first 4 months of 2024. He reiterated Russia’s proposal to create an SCO fee and settlement mechanism.
Maintaining safety within the SCO states stays one of many group’s prime priorities, he emphasised, declaring that selections to remodel the SCO Regional Anti-Terrorist Structure right into a common heart and set up an anti-drug heart in Dushanbe have been made to higher tackle challenges on this space.
The SCO was based on June 15, 2001 in Shanghai. Initially, it consisted of six nations: Russia, Kazakhstan, Kyrgyzstan, China, Tajikistan, and Uzbekistan. In 2017, India and Pakistan joined the bloc, adopted by Iran in 2023, and Belarus on Thursday turned the SCO’s tenth full member state.
Source: www.anews.com.tr