Russian President Vladimir Putin delivers a speech during the plenary session of the second Eurasian Economic Forum of the Eurasian Economic Union in Moscow, Russia, May 24, 2023. The second Eurasian Economic Forum of the Eurasian Economic Union was held online and offline here on Wednesday, with the theme of Eurasian integration in a multipolar world. (Xinhua/Bai Xueqi)
MOSCOW, May 24 (Xinhua) -- A shift towards a decentralized international financial system will be beneficial for the global economy, Russian President Vladimir Putin said on Wednesday.
Speaking at the plenary session of the second Eurasian Economic Forum in Moscow, Putin said that many rapidly developing economies are currently shifting towards the use of national currencies in international settlements.
"It is important to coordinate joint efforts to create ... a new, decentralized global financial system," he said, adding that this switch would be beneficial for the global economy, and would bring stability.
A more decentralized financial system would make the world economy "less dependent on crisis phenomena" in countries that hold global reserve currencies, and would make payments more secure, said the president.
Putin said the world was undergoing "fundamental changes," terming the theme of this year's forum, "Eurasian integration in a multipolar world," very relevant.
Many countries are currently working on strengthening their national sovereignty, pursuing independent domestic and foreign policies, and stand in favor of building a new, more just global system of economic relations, he said.
The second Eurasian Economic Forum is held in Moscow on Wednesday and Thursday. ■
Belarusian President Alexander Lukashenko delivers a speech during the plenary session of the second Eurasian Economic Forum of the Eurasian Economic Union in Moscow, Russia, May 24, 2023. The second Eurasian Economic Forum of the Eurasian Economic Union was held online and offline here on Wednesday, with the theme of Eurasian integration in a multipolar world. (Xinhua/Bai Xueqi)
Russian President Vladimir Putin (1st L on stage) delivers a speech during the plenary session of the second Eurasian Economic Forum of the Eurasian Economic Union in Moscow, Russia, May 24, 2023. The second Eurasian Economic Forum of the Eurasian Economic Union was held online and offline here on Wednesday, with the theme of Eurasian integration in a multipolar world. (Xinhua/Bai Xueqi)
Belarusian President Alexander Lukashenko, Russian President Vladimir Putin, Kazakh President Kassym-Jomart Tokayev (from L to R) attend the plenary session of the second Eurasian Economic Forum of the Eurasian Economic Union in Moscow, Russia, May 24, 2023. The second Eurasian Economic Forum of the Eurasian Economic Union was held online and offline here on Wednesday, with the theme of Eurasian integration in a multipolar world. (Xinhua/Bai Xueqi)
Kazakh President Kassym-Jomart Tokayev delivers a speech during the plenary session of the second Eurasian Economic Forum of the Eurasian Economic Union in Moscow, Russia, May 24, 2023. The second Eurasian Economic Forum of the Eurasian Economic Union was held online and offline here on Wednesday, with the theme of Eurasian integration in a multipolar world. (Xinhua/Bai Xueqi)