This Thursday, the Chinese president, Xi Jinping, criticized the excess of sanctions international, while the president of russia, Vladimir Putin, rebuked the West for fomenting the world crisis. Both leaders called for greater cooperation from countries that make up the economic-commercial association BRICS (Brazil, Russia, India, China Y South Africa).

Xi called on the BRICS to shoulder the responsibility that their economic weight confers on them, saying they must uphold a truly multinational international system based on UN. “We must abandon the Cold War mentality and block confrontation and oppose unilateral sanctions, and the abuse of sanctions,” the Chinese president said, 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, we BRICS countries must live up to our responsibility,” he said. China is by far the largest economy in the BRICS grouping, accounting for more than 70% of the group’s collective economic power, which amounts to $27.5 trillion.

Putin called for greater cooperation between the BRICS and lashed out at the West, which he accused of fomenting a crisis. “Only on the basis of honest and mutually beneficial cooperation can we seek ways out of the crisis situation that has developed in the world economy due to the thoughtless and selfish actions of individual states,” the Russian president said, replied Reuters.

He accused the West of “using the financial mechanisms” to “shift its own macroeconomic policy mistakes around the world.” Putin has stated that relations with Beijing are the best in his history and is touting a strategic partnership with China aimed at countering the influence of USA.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.