Putin Supports BRICS to Counter Western Economic Influence Ahead of SCO Summit

SCO Summit: Russian President Vladimir Putin has declared that Moscow and Beijing are “united in strengthening” the BRICS grouping, positioning it as a counterweight to Western economic influence. In an interview with China’s Xinhua News Agency ahead of the SCO Summit, Putin emphasized the importance of global financial governance. He reiterated Moscow’s support for reforms to institutions like the IMF and World Bank, stating that the existing system heavily favors developed Western economies. Putin’s remarks underscore the growing cooperation between Russia and China within the BRICS framework, highlighting their shared commitment to challenging Western economic dominance.