Chinese President Xi Jinping on Thursday criticized “the abuse” of international sanctions, while Russian President Vladimir Putin scolded the West for fomenting the global crisis, with both leaders calling for greater cooperation from Brics
The statements were made at the 14th summit of the group, which began this Thursday.
Xi called on Brazil, Russia, India, China and South Africa (the BRICS) to take responsibility for their economic influence and said they should uphold a truly multinational international system based on the United Nations.
“We must abandon the Cold War mentality and block confrontation and oppose unilateral sanctions – and the abuse of sanctions,” Xi told the BRICS summit through a translator.
“Our meeting today comes at a crucial moment of choice for the future of humanity. As major emerging markets and developing countries, BRICS countries must take responsibility,” Xi said.
China has by far the largest economy in the BRICS group, accounting for more than 70% of the group’s collective $27.5 trillion economic power.
Putin called for stronger cooperation from the BRICS and criticized the West, accusing it of fomenting a crisis.
“Only on the basis of honest and mutually beneficial cooperation can we look for ways out of the crisis situation that has developed in the global economy due to the selfish and ill-considered actions of individual states,” Putin said.
He accused the West of “using financial mechanisms” to “deflect its own errors in macroeconomic policy onto the entire world”.
Putin said relations with China are the best they have ever been and promotes a strategic partnership with China aimed at countering US influence.
The United States and European powers blame Putin’s decision to invade Ukraine as the reason that relations with the West have fallen to the lowest level since the 1962 Cuban Missile Crisis – including the most severe sanctions in modern history.
But Putin says the West wants to destroy Russia, that economic sanctions are akin to a declaration of economic war and that Russia will build ties with other powers such as China and India.
Source: CNN Brasil
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