At the SCO summit, Vladimir Putin hailed China as Russia’s “true partner” while condemning the United States for imposing what he called a “dictatorship” in global politics and trade. Putin emphasized Eurasian cooperation, backing national currencies over the U.S. dollar and calling for a balanced security framework. Xi Jinping proposed an SCO development bank, billions in aid and loans, and new cooperation in AI and lunar research. Meanwhile, Xi and Modi signaled efforts to reset India-China relations, highlighting development partnerships over rivalry.
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00:00Chairman Xi Jinping dear colleagues I'd like to warmly welcome all the
00:06participants of the SEO plus format session this is not the first time we
00:11have met together in such a wide format uniting heads of states member of the
00:18Shanghai cooperation organization leaders of observance states partners in
00:24the SEO dialogue guests and heads of leading international organizations this
00:31visibly demonstrates that sincere interest and attention to the activities
00:38of the SEO on the part of the international community keeps growing
00:41and more and more states aspire to have an open and transparent dialogue with
00:48our organization along with the ten full-scale member states the Shanghai
00:52cooperation organization includes two observer states Mongolia and Afghanistan
00:57and 15 partners in dialogue I would like to use this occasion to congratulate the
01:04president of Laos president Sosulit on the fact that in a unanimous decision of all
01:13states his country was given the partner status
01:17applications from a dozen states are currently being considered to be an
01:26observer or a partner in dialogue each of those applications of course deserves
01:31most careful consideration what is most important that all the countries willing to
01:40establish cooperation with the Shanghai cooperation organization share its ideas and
01:45and are committed to pursuing an independent policy seeking answers to topical issues since its
01:55establishment in 2001 the SEO has been actively participating in efforts to form an
02:03atmosphere of peace and security on the Eurasian continent as well as atmosphere of
02:08trust and cooperation in this connection of course we carefully listened to all
02:19propositions suggested by chairman Xi Jinping to create a more efficient global
02:24governance system this is very relevant in a situation when some countries still refuse to
02:32give up their aspirations to dictatorship and international affairs Russia and supports
02:38Xi Jinping's initiative and is interested in beginning specific discussions or propositions set forth by
02:51China I think it is the SEO that could take up the leading role in efforts aimed at shaping a more
03:00global governance system or just global governance system based on the prevalence of
03:06international law in key terms of the UN Charter that would be balanced and
03:14take into account the interest of as many countries as possible guaranteeing them
03:20opportunities for stable development and security the SEO is actively promoting trade
03:29economic and investment cooperation amid persistent difficulties in the world economy the total GDP the SEO member states in 2024 grew by an average of more than 5% which is above global figures and industrial production grew by 4.6% and our interaction in the sphere of energy finance agriculture and food security is growing
03:59as well as well as infrastructure high technology innovation and transport
04:05just as important is the fact that the SEO member states have traditionally respected the historical and cultural values as well as historical diversity this is the foundation that helps deepen contacts among people build cooperation in science healthcare education and sports
04:28I'd like to use this occasion to remind you that on the 20th of September Moscow will be hosting the InterVision popular song contest a large scale project aimed at supporting human cultural and spiritual values artists and artists and performers from many countries have already confirmed their participant participation the traditional value of the
04:58the international values I think
05:04are vanishing from the international agenda it's time to get them back there we're also inviting all member states to the saint petersburg forum of united cultures and forum russia sports country taking place in russia in the city of samara today's meeting will help boost friendly ties between all the countries here and the world
05:26cooperation on most diverse tracks subscribe to one India and never miss an update download the one India app now
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