BRICS Summit: Putin accuses the West of fomenting a global crisis

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Chinese President Xi Jinping criticizes “abuse” of international sanctions, while Russian President Vladimir Putin attacked West for incitement to global crisiswith the two leaders calling for greater co-operation between their countries BRICS.

Xi called on Brazil, Russia, India, China and South Africa (BRICS) to take responsibility for their economic influence and stressed that they should defend a truly multinational international system based on the United Nations.

“We must abandon the Cold War mentality and prevent confrontation and oppose unilateral sanctions – and the misuse of sanctions,” Xi told the BRICS summit.

“Our meeting today comes at a crucial time of choice for the future of humanity: as key emerging markets and developing countries, the BRICS countries must live up to their responsibilities,” he said.

China has by far the largest economy in the BRICS group, accounting for more than 70% of its collective economic strength of $ 27.5 trillion.

Putin called for stronger BRICS cooperation and turned against the West, which he accused of inciting a crisis.

“Only on the basis of sincere and mutually beneficial cooperation can we look for ways out of the crisis that has developed in the world economy due to the reckless and selfish actions of individual states,” Putin said.

He accused the West of “using financial mechanisms” to “bypass its own mistakes in macroeconomic policy around the world”.

The Russian president added that relations with China are the best they have ever had and supports a strategic partnership with China aimed at countering US influence.

US President Joe Biden has said the West is embroiled in a battle with authoritarian governments such as China and Russia.

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