Putin denounces financial “neo-colonialism” on the eve of a visit to China

by Andrea
0 comments
Putin denounces financial “neo-colonialism” on the eve of a visit to China

Xinhua / EPA

Putin denounces financial “neo-colonialism” on the eve of a visit to China

Chinese President Xi Jinping and Russian President Vladimir Putin

The president of Russia appeals to the renovation of the World Bank and the International Monetary Fund before his Sunday summit with Chinese counterpart, Xi Jinping.

The Russian President, Vladimir Putindenounced the western “discriminatory” sanctions, supported by a unjust financial systemat a time when the economy of your country faces difficulties and is on the brink of recession, weakened by commercial restrictions and the costs of war in Ukraine.

The statements were made in the official Chinese agency Xinhua, published on Saturday, on the eve of his trip to China, where he will meet with the Chinese president, Xi Jinpingand will watch a large -scale parade to mark the end of World War II after the formal surrender of Japan.

“It is essential to end the use of finances as an instrument of neo-colonialism, which contradicts the interests of the overall majority”Putin said.

Together with our Chinese partnersWe support the idea of ​​a reform of the international monetary fund and the World Bank. We share the conviction that a new financial system It should be based on the opening and in true equity, ”he added in an interview marked by praise to China.

A new financial system, he said, “would guarantee an equal access and not discriminatory to your tools For all countriesreflecting the real position of the Member States in the world economy. ”

“I am confident that Russia and China will continue to work together to achieve this noble goal, aligning our efforts to ensure prosperity of our great nations”He said.

Putin will be in China, Russia’s largest commercial partner, from Sunday to Wednesday, on a four-day visit that Kremlin called “unprecedented”., And during which he will watch the military parade in the Chinese capital, which marks the end of World War II.

When Western countries cut off relations with Moscow, after the large -scale invasion of Ukraineit was China that came to Russiabuying Russian oil and providing goods, from cars to electronic products, which raised bilateral trade to a record of $ 245 billion In 2024, it enhances a.

According to Putin, China is currently, by far, the main commercial partner From Russia in volume of exchanges, performed almost in full in Russian rubles and Yuan Chinese.

Russia is also one of main exporters of oil and gas For China, and both countries continue to work together to reduce barriers to bilateral trade, he added.

Putin and Xi, who have met more than 40 times in the last decade, declared in 2022 a Strategic partnership “without limits”.

Source link

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC