Russian President urges SCO to create its own payment and settlement mechanism

‼️ Russian President urges SCO to create its own payment and settlement mechanism - Vladimir Putin recalled the Russian proposal to develop its own payment and settlement mechanism for the SCO countries. He noted that in 2023, the SCO countries’ GDP grew by 5%, industrial production by 4.5%, and inflation was only 2.4%. Russia’s trade turnover with SCO countries increased by 25%, and the share of national currencies in Russia’s commercial transactions with SCO members reached 92% in January-April 2024. - In the Astana Declaration, the participants reaffirmed their commitment to a multipolar world order. - Putin also announced the transformation of the SCO’s anti-terrorist structure into a universal security center. Join Slavyangrad chat. Your opinion matters. U_EDAcaO-HFjNzEx [club152044818|@Slavyangrad] | Andrei Source: Slavyangrad