Posted: 13.10.2022 13:16:00

Putin: world is becoming truly multipolar, and Asia’s role is significant

The world is now becoming truly multipolar, and Asian countries play a very significant role in this process – as stated by Russian President Vladimir Putin at the sixth summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) in Astana


As noted by Vladimir Putin, today's meeting within the CICA framework has taken place against the backdrop of serious global changes in world politics and the economy.

“The world is becoming truly multipolar, and Asia plays a very noticeable, if not key, role in this process: new centres of power are growing stronger within it. The Asian countries act as an engine of global economic growth,” the Russian leader said, recalling that serious associations – such as the SCO, ASEAN and the EAEU – operate dynamically and effectively in the region. He added that Russia stands for Asia’s development and prosperity, also supporting the creation of a wide area of mutually beneficial investment interaction, expansion and deepening of co-operative ties.

Vladimir Putin drew attention to one of the problems that needs to be solved today: the increased volatility of prices for energy, food, fertilisers, and raw materials. He also called for elimination of all artificial, illegitimate barriers that prevent the restoration of normal functioning of global supply chains in order to solve urgent problems in the field of food security.

“Like many of our partners in Asia, we believe that it is necessary to launch a revision of the principles of the global financial system, which has allowed the self-proclaimed so-called ‘golden billion’ – that controlled all capital and technology flows – to a large extent live at someone else's expense for decades. We view more active use of national currencies in mutual settlements as a priority step,” the Russian leader made a proposal.

According to Vladimir Putin, such measures would help strengthen the financial sovereignty of the CICA states, develop domestic capital markets, and deepen regional economic integration.