The world is changing very fast, and we are facing a massive shift in the global markets. A New World Order. And President Vladimir Putin talked about it in his speech at the second Eurasian Economic Forum in Moscow, Russia, on May 24, 2023.
The Eurasian Economic Union (EAEU) supports pairing with China`s Belt and Road Initiative (BRI) to achieve the Greater Eurasian Partnership, Putin said in his speech at the second Eurasian Economic Forum of the EAEU on Wednesday.
EAEU is an economic union of countries located in Eurasia, consisting of five member states: Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia.
50 different countries attended the economic forum in Moscow under this motto: «Eurasian Integration in a multipolar world.»
The forum is designed to look at ways in which BRICS, the EAEU, and the Shanghai Cooperation Organization (SCO) can be expanded, and possibly integrated.
Putin said the EAEU supports initiatives committed to developing the Eurasian region and will continue to work with China to promote the docking of the EAEU`s development with China`s BRI.
Putin also said that the world is experiencing revolutionary changes and that more countries are seeking to build a new architecture of international economic relations that is fairer, and based on mutual respect and mutual benefit.
The speech was interesting, and Putin added that the U.S. economic policy is «shooting itself in the foot» by reinforcing a trend that undermines its own development. In this regard, he said Russia and its partners in the EAEU are interested in «honest, productive, and pragmatic cooperation,» noting that anyone acting otherwise «damages the global economy.»
Putin talked a lot about the economy, and he argued that the global economic system will only benefit from the formation of a decentralized international financial system and that it`s important to coordinate efforts to form such a global system.
Echoing Putin`s call for a decentralized international financial system, Belarusian First Deputy Prime Minister Nikolai Snopkov said on Wednesday that Belarus plans to completely move away from the U.S dollar, and the euro in trade with Russia, and other EAEU countries by 2023.
But Belarus is not alone to do that. A few days ago, the Iraqi Ministry of Interior imposed a ban on the use of US dollars in personal, and commercial transactions in Iraq, according to Iraq News.
The ban, which came into force a few days ago, aims to promote the use of the local currency, the Iraqi dinar and limited the use of the US dollar in Iraq.
The De-Dollarisation wave continues………
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