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New Delhi: Russian President Vladimir Putin had arrived in China to attend the Shanghai Cooperation Organisation(SCO) Summit 2025. Previously, Putin claimed that Moscow and Beijing are "united in strengthening" the BRICS grouping to address global issues. He further added that "discriminatory sanctions" are impeding the socioeconomic development of member states and the broader international community.
During an interview with Xinhua News Agency, the Russian President highlighted the deepening cooperation between the two nations within multilateral platforms, signifying their role in transforming BRICS into a "key pillar of global architecture" and supporting reforms in international financial institutions.
In the interview, the Russian President claimed that Russia and China are contributing within BRICS to expand its role as a key pillar of global architecture. The two nations advance aimed at expanding economic opportunities for member states, including the creation of common platforms for partnership in strategic sectors.
"We stand united in strengthening BRICS' ability to address pressing global challenges, share similar views on regional and international security, and take a common stand against discriminatory sanctions that hinder the socioeconomic development of our members and the world at large," he added.
Before the SCO summit, Putin emphasised that Russia and China relations have reached an “unprecedented level,” highlighting 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 then said 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 increase SCO’s capacity to respond to present-day challenges and threats and help in “shaping a fairer multiple world order.”
Putin also praised the decision for reforming the International Monetary Fund (IMF) and the World Bank, calling for a “new financial system” based on “true equity” and equal access for all nations. The Russian President further criticised the use of financial tools as a form of “neo-colonialism” and said BRICS seeks inclusive progress benefitting the “Global Majority”.
The Russian President then added how China's extraordinary role in G20 has contributed to both Russia and its Chinese counterparts to help reflect the priorities of the Global South. He also praised the inclusion of the African Union in the G20 framework, calling it a step toward "deepening synergies" between BRICS and other global groupings.
