Putin Proposes SCO Bank Free of 'Weaponised' Financial Systems
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5 Articles
Putin proposes SCO bank free of 'weaponised' financial systems
Russian President Vladimir Putin has urged members of the Shanghai Cooperation Organisation (SCO) to set up a development bank independent of existing financial mechanisms, arguing that such systems are increasingly being used as tools to exert economic and geopolitical influence, media reports said on Tuesday, September 1. Addressing the 2026 SCO Summit in Bishkek, Kyrgyzstan, … Get the latest updates in Hyderabad City News, Technology, Enterta…
The SCO Development Bank should be as independent as possible from the financial systems of countries that use finance as a weapon, as announced by Russian President Vladimir Putin at the SCO summit in Bishkek, TASS reports.
Russian President Vladimir Putin called for the independence of the Development Bank of the Shanghai Cooperation Organization from countries that use financial mechanisms as weapons. "The [SCO development bank], in my view, should be as independent as possible from the financial systems of those States that use economic instruments as weapons to obtain unilateral advantages in international affairs," noted Vladimir Putin at the meeting of the Co…
The SCO Development Bank should be as independent as possible from countries that use finance as a weapon, stated Russian President Vladimir Putin.
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