India’s SCO, G20 presidencies will strengthen world stability & security: Russia’s Putin

• PTI
• 30 December, 2022

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By: PTI

Russian president Vladimir Putin on Friday (30) voiced confidence that India’s presidencies of the Shanghai Cooperation Organisation (SCO) and Group of 20 (G20) will build multi-dimensional cooperation between the two countries and will strengthen the stability and security in Asia and the entire world.

While India formally assumed the G20 Presidency on December 1, it took over the rotating presidency of the SCO on September 16.

In his New Year messages to Indian president Droupadi Murmu and prime minister Narendra Modi, Putin noted that Russia and India marked the 75th anniversary of their diplomatic relations in 2022 and, relying on positive traditions of friendship and mutual respect, the countries continue to develop their specially privileged strategic partnership, the Kremlin said in a statement.

Putin said the two countries carried out large-scale trade and economic projects in addition to energy, military technology and other areas of cooperation, and coordinated efforts in addressing important matters of regional and global agendas.

“I am confident that India’s recently started SCO and G20 presidencies will open new opportunities for building multi-dimensional Russia-India cooperation for the benefit of our peoples, in the interests of strengthening stability and security in Asia and the entire world,” he said.

India has not yet criticised the Russian attack on Ukraine and has been maintaining that the crisis should be resolved through dialogue.

The SCO comprising China, India, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Pakistan, and Uzbekistan is a Eurasian political, economic and security organisation.

It is the world’s largest regional organisation in terms of geographic scope and population, covering approximately 60 per cent of the area of Eurasia, 40 per cent of the world population, and more than 30 per cent of global GDP.

The G20 comprises 19 countries — Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkiye, the UK and the US — and the European Union.

The G20 members represent around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population.