Speaking at the plenary session of the Second Eurasian Economic Forum in Moscow, President Putin emphasized the need for coordinated efforts to create a new decentralized global financial system that would benefit and stabilize the world economy. He argued that a decentralized financial system would help the world economy mitigate the negative impacts of crises in countries holding global reserve currencies. According to the Russian leader, this would enhance the security not only of payment transactions but also of the entire global economy, while preventing economic activities from becoming politicized .
Russian President Vladimir Putin. Photo: AFP/VNA
According to President Putin, Russia is seeking to reduce the proportion of unfriendly currencies in payments and plans to cooperate more actively with partners around the world and the Eurasian Economic Union (EAEU), particularly through a complete transition to national currencies. He noted that many other rapidly developing economies around the world are now switching to national currencies in international trade transactions, including China, India, and Latin American countries.
The Russian leader assessed this year's forum theme, "Eurasian integration in a multipolar world," as highly relevant in the context of a world undergoing "fundamental changes." Many countries are pursuing independent domestic and foreign policies and advocating for the construction of a new and more equitable global economic system.
According to VNA/News Agency
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