Russia, China Support Inclusion of Global South Countries in UN Security Council - Putin
© Sputnik
/ Subscribe
Russia and China support reforming the UN, including the inclusion of countries from the Global South in the UN Security Council, Russian President Vladimir Putin said in an interview with the Xinhua news agency.
The Russian president's interview ahead of his official visit to China was published on the Kremlin website.
"Russia and China support reform of the UN so that it fully restores its authority and reflects modern realities. In particular, we advocate for making the Security Council more democratic by including states from Asia, Africa, and Latin America. Any such reforms must, however, be approached with the utmost care," Putin said.
He said both countries support the reform of the International Monetary Fund and the World Bank.
"Alongside our Chinese partners, we support the reform of the International Monetary Fund and the World Bank. We are united in the view that a new financial system must be based on openness and true equity, providing equal and non-discriminatory access to its tools for all countries and reflecting the real standing of member states in the global economy," Putin said.
He said the financial sphere should no longer be used for neocolonialist purposes.
"It is essential to end the use of finance as an instrument of neocolonialism, which runs counter to the interests of the Global Majority. On the contrary, we seek progress for the benefit of all humanity. I am confident that Russia and China will continue to work together towards this noble goal, aligning our efforts to ensure the prosperity of our great nations," Putin said.
