Xi criticises sanctions ‘abuse’, Putin scolds West

Published
2
Beijing: A screen at a shopping centre shows a CCTV state media news broadcast of Chinese President Xi Jinping addressing the BRICS Business Forum via video link.—Reuters
Beijing: A screen at a shopping centre shows a CCTV state media news broadcast of Chinese President Xi Jinping addressing the BRICS Business Forum via video link.—Reuters

LONDON: Chinese President Xi Jinping on Thursday criticised “the abuse” of international sanctions, while Russian President Vladimir Putin scolded the West for fomenting global crisis, with both leaders calling for greater BRICS cooperation.

Xi called on Brazil, Russia, India, China and South Africa (BRICS) to take up the responsibility conferred by their economic clout, and said they should stand up for a truly multinational international system based on the United Nations.

“We must abandon 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 key emerging markets and developing countries, BRICS countries must rise to our responsibility,” Xi said. China has by far the largest economy in the BRICS grouping, accounting for more than 70pc of the group’s collective $27.5 trillion economic might.

Putin called for stronger BRICS cooperation and took a swipe at the West which he accused 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 ill-considered and selfish actions of individual states,” Putin said.

He accused the West of “using financial mechanisms” to “shunt their own mistakes in macroeconomic policy on to the whole world.” Putin has said relations with China are the best they have ever been and touts a strategic partnership with China aimed at countering US influence.

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

The United States and European powers blame Putin’s decision to invade Ukraine as the reason relations with the West have sunk to the lowest level since the 1962 Cuban Missile Crisis — including the severest sanctions in modern history.

But Putin says the West wants to destroy Russia, that the economic sanctions are akin to a declaration of economic war and that Russia will build ties with other powers such as China and India.

Putin, who casts the Ukraine war as a “special military operation”, blames the United States for humiliating Russia in the aftermath of the 1991 fall of the Soviet Union and threatening Moscow by enlarging the Nato military alliance.

Russia sent troops into Ukraine on Feb 24 to degrade its southern neighbour’s military capabilities, root out people it called dangerous nationalists and defend the Russian-speakers of two eastern Ukrainian regions.

Ukraine says Russia has launched an imperial-style land grab and will never surrender its territory to Russia.

Published in Dawn, June 24th, 2022

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...