Посольство России в Малайзии / Embassy of Russia in Malaysia
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О российско-малайзийских отношениях и не только…

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🎙 Russia's Foreign Minister Sergey Lavrov’s remarks at the International Symposium 'Inventing the Future' (Moscow, November 4, 2024)

Key talking points:

• The global balance of power is undergoing transformative changes, driven by the objective trends in the world economy where the influence of the states of the Global South and the Global East, and indeed the World Majority, is growing.

• The economic resurgence enables an increasing number of non-Western nations to consistently bolster their sovereignty and to pursue a nationally oriented agenda in both foreign and domestic policy.

• Following the start of the special military operation in Ukraine, Washington and its allies, as part of the hybrid war they are waging, have launched an aggressive sanctions campaign against Russia. In the past decade, more than 21,000 sanctions have been imposed on our country across various domains, including economy, finance, trade, investment, media, culture, sport, and broadly, people-to-people contacts. These neo-colonial practices of the West primarily impact the developing countries of Asia, Africa, and Latin America.

• The adverse effect of this campaign against the undesired is that the West is undermining itself. <...> Western capitals have conveniently forgotten principles such as fair competition, the inviolability of property, the presumption of innocence, among others.

• When economic pressure fails to sway truly sovereign nations, the West, led by the United States, resorts to threats, blackmail, and even the use of force.

• It is sad to state that the ruling elites in many European countries evidently see no future for themselves in a multipolar world and are looking instead to the overseas hegemon to save them.

• The West is never satisfied with what they have. The war they started against Russia in Europe wasn’t enough.

• NATO now plans to conduct “defensive” operations in the South China Sea and the Taiwan Strait which lie thousands of miles away from its shores. Any right-minded observer knows that this path will lead nowhere.

• The obsession [of the West] with controlling absolutely everything has led to a rash of tragedies in the Middle East.

• This year, yet another independent UN member — Yemen — came under an aggression of the West [Anglo-Saxons]. The Syrian Arab Republic is still reeling from the shock of American interference. The United States has effectively blocked all multilateral mechanisms aimed at promoting the Palestinian-Israeli settlement.

• The serious challenges facing the world call for a united effort based on equality, rather than submission to those who seek global dominance.

• Establishing direct contacts and horizontal ties among all regional integration entities and with #BRICS which already includes the key countries that are regional leaders, is a significant step towards multipolarity.

• Another area of focus is the de-dollarisation of the international financial and economic system. I wish to remind you that the share of national currencies in Russia's transactions with the #SCO and #EAEU countries has surpassed 90%, and with the BRICS nations, we are approaching 65%. This figure continues to grow.

🇺🇳 People often ask: what will multipolarity rely on in terms of international legal foundation? There’s no need to look for new principles; they are all there in the UN Charter 👉 #UNCharterIsOurRules.

The problem is that our Western partners have never fully respected these principles.

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The Embassy comment

The Eurasian Economic Union (#EAEU) is a powerful bloc not only in trade but also in industrial cooperation and scientific and technical collaboration.

Over 10 years of existence, the EAEU has established itself as an independent center of the emerging multipolar world. The activities of the EAEU contribute to the growth of trade and investment exchanges, the intensification of business contacts, and the expansion of cooperative ties, which bring real benefits to each member of the Union.

For example, the combined GDP of the Union's member states has grown from $1.6 trillion to $2.5 trillion, while trade turnover with third countries has increased by 60%—from $579 billion to $923 billion.

Currently, the EAEU has established full-fledged free trade agreements with China, Serbia, Vietnam, and Iran. These agreements have enabled the EAEU to significantly increase trade turnover with these countries. A positive trend is also observed in relations with China. Remarkably, Russian-Chinese bilateral relations have seen substantial success, with the volume of trade surpassing the $200 billion target set by the countries’ leaders by the end of 2023.

This year the negotiations on the similar agreements were held with the United Arab Emirates, Indonesia, India and Egypt. Free trade zone agreements have also been discussed at various stages with Mongolia, Pakistan, and Israel.

Many countries are currently seeking not only to expand trade but also to simplify financial transactions. The EAEU can offer the necessary tools in this regard. For instance, within the union, the volume of trade conducted in national currencies has already surpassed 90%.

Russia highly values the mutually beneficial multifaceted ties with its EAEU partners and seeks to continue working on strengthening the integration ties within it.