Archives Economic cooperation - Page 51 of 53 - New Eastern Outlook

In March 2023, when China’s President Xi visited Moscow, he told his Russian counterpart that the scope of the changes taking place in today’s world is such that has not been “seen for 100 years.” The pace and the scope of these changes – which we can understand in terms of a visible shift towards a multipolar world – warrants a very calculated response. For Russia and China, otherwise seen as two so-called “revisionist” powers in Washington – the best response is to solidify their alliance against the combined assault of the forces i.e., the US-led West, resisting this change. This response was/is at the heart of what we today know as the “no limits” friendship between both states…

On May 31st, Vladimir Putin met with the President of the State of Eritrea, Isaias Afwerki, at the Kremlin. The meetup was ostensibly to fortify trade and economic cooperation between the East African nation and Russia. However, broader implications concerning the emerging multipolar world system are also at play. President Putin welcomed Eritrea’s president, noting that the occasion was Mr. Afwerki’s first visit to Moscow. Russia’s leader also said Eritrea’s celebration of 30 years of independence. However, the primary purpose of the meeting between Putin and Afwerki…

The upcoming session of the Council of the SCO Leaders in July will include discussions on boosting the usage of national currencies in trade between member nations. This topic was previously addressed, and a plan was established during the organization’s summit in Samarkand in September 2022. The SCO is currently one of the most extensive regional associations worldwide, providing unparalleled potential for collaboration between its participants on political, economic, security, humanitarian, and cultural matters. The organization is consistently evolving into a completely autonomous and self-sufficient structure, emerging…