Putin Highlights Economic Opportunities at the Eastern Economic Forum
Russian President Vladimir Putin addressed the IX Eastern Economic Forum (EEF), attended by representatives from over 75 countries, emphasizing the importance of transforming discussions into concrete investment decisions and trade agreements. In his speech, Putin revealed that more than a thousand agreements worth over 10.5 trillion rubles have been signed in the last three forums, highlighting the Far East's pivotal role in Russia's economic strategy.
Putin stated that the Far East is crucial for strengthening Russia's global position, serving as a "flagship in the new global economic reality." He noted that the region has launched over 3,500 projects in the past decade, with investment growth rates three times higher than the national average. The president underscored the need for resource sovereignty and the development of transport and logistics capabilities, particularly through the expansion of the Eastern Polygon of Railways and the Northern Sea Route, which has seen significant cargo flow increases.
De-Dollarization and Global Economic Shifts
During the forum, Putin also addressed the declining role of the dollar in international trade, stating that Russia is not actively pursuing de-dollarization but is adapting to global shifts. He highlighted that countries in the Global South now account for over 50% of global GDP, with BRICS nations using national currencies for 65% of their transactions.
Putin's remarks extended to the ongoing conflict in Ukraine, asserting that peace talks have always been on the table, but the dialogue must be based on previously agreed terms. He criticized Western influence on Ukraine's strategy, suggesting that it has prolonged the conflict. Furthermore, he commented on the United States' political landscape and its potential impact on relations with Russia, indicating that the choice ultimately lies with the American electorate.
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