Brics Summit: China's Xi criticises sanctions 'abuse', Putin scolds the West

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LONDON (REUTERS) - Chinese President Xi Jinping on Thursday (June 23) criticised "the abuse" of international sanctions, while Russian President Vladimir Putin scolded the West for fomenting a global crisis, with both leaders calling for greater Brics cooperation.

Mr Xi called on Brazil, Russia, India, China and South Africa (Brics) to take up the responsibility conferred by their economic clout, and said they should stand up for a truly multinational international system based on the United Nations.

"We must abandon Cold War mentality and block confrontation and oppose unilateral sanctions - and the abuse of sanctions," Mr Xi told the Brics summit 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, Brics countries must rise to our responsibility," Mr Xi said.

China has by far the largest economy in the Brics grouping, accounting for more than 70 per cent of the group's collective US$27.5 trillion (S$38 trillion) economic might.

Mr Putin called for stronger Brics cooperation and took a swipe at the West which he accused of fomenting a crisis.

"Only on the basis of honest and mutually beneficial cooperation can we look for ways out of the crisis situation that has developed in the global economy due to the ill-considered and selfish actions of individual states," Mr Putin said.

He accused the West of "using financial mechanisms" to "shunt their own mistakes in macroeconomic policy on to the whole world."

Mr Putin has said relations with China are the best they have ever been and touts a strategic partnership with China aimed at countering US influence.

US President Joe Biden has said the West is locked in a battle with autocratic governments such as China and Russia.

The United States and European powers blame Mr Putin's decision to invade Ukraine as the reason relations with the West have sunk to the lowest level since the 1962 Cuban Missile Cri...

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