During the China meet on Wednesday, Russian President Vladimir Putin advocated stepping aside from the “unipolar world” dominated by the US and ushering in a multipolar global system. He emphasized that the multipolar world will have equal rights, allowing no single country to dominate the financial sector. Putin visited China for the four-day SCO 2025 summit in Tianjin, where the alliance rewrote trade deals and inked new ones.
While speaking at the China meet, Putin called the unipolar system dominated by the US and the West “unfair”. He asserted that the “unipolar world must cease to exist,” as it does not deliver justice for all. “Everyone has equal rights in this multipolar world. It doesn’t mean that anyone should dominate over politics or over global security,” he added. His statements were a potshot against the policies of the White House.
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Developing a Multipolar World Becomes the Center Piece of the China Meet
The Shanghai Cooperation Organization (SCO) is an alliance comprising six countries: China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. While these are the members, it also has partner countries such as India, Pakistan, Belarus, and Iran. This makes it a 10-member alliance and a powerful financial bloc to reckon with. The China meet has united emerging economies, which the US is closely watching. China and Russia are leading the idea of a multipolar world, convincing emerging economies to move away from the US dollar.
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The China meet has also raised anti-US sentiments, where leaders openly expressed their frustration with tariffs and trade wars. The tariffs directly affect businesses, disrupting the normal flow of global trade. Import and export businesses are at the forefront of the development, making it expensive to conduct transactions. A multipolar world promoted by the SCO will reduce dependency on the US dollar for cross-border transactions. This makes them self-reliant and not under the subjugation of the White House.