In order to strengthen trade and economic cooperation, the SCO financial sector from the influence of third countries should be protected. This was stated by Prime Minister of the Russian Federation Mikhail Mishustin at a meeting of the Council of Heads of Government of the SCO member states in Islamabad.
“In order to strengthen trade and economic cooperation, it is necessary to protect our financial sector from the influence of third countries. To concentrate on the implementation of the” road map “to increase the share of national currencies in mutual calculations that our leaders approved two years ago. And to eliminate existing obstacles. At the same time. An independent payment and calculation mechanism of the SCO is in demand, ”said Mishustin.
He noted that a transparent tool for financial support for the project’s project activities is also needed. “One of the options is to establish a special account and support the initiatives at the first stages through it. And they will be carried out already through public -private partnerships, concession agreements, with the help of state budgets and development institutions, as well as other forms of mixed financing,” said he said Prime Minister ..
The prime minister noted that despite the growing pressure from the unfriendly countries, Russia concentrated its efforts to disclose internal potential, support the key spheres of the national economy and enterprises, and due to the development of the real sector sector, the Russian GDP in eight months of 2024 increased by 4 by 4 , 2%.
“According to the results of 2023, the volume of trade in Russia with the country of the SCO approached a record 30 trillion rubles, and in the first half of 2024 he added 5.5%.”, He said.
The head of the Russian government also emphasized that the priority area of activity in the SCO is to ensure the transport coherence of countries, as well as building effective logistics routes. In his words, Russia also advocates to establish interaction in the field of civil aviation.
“Russia, together with partners in the CIS and Iran, promotes the North – South International Transport Corridor. We carry out a whole range of measures to modernize and reconstruct the infrastructure of railway, road, sea transportation. This is sure to open new opportunities for trade, will give additional additional Advantages of business, ”the prime minister said.
“our states are faced with the task of achieving technological sovereignty. Therefore, it is important to use wide opportunities to increase industrial cooperation,” he added.
In Islamabad, a meeting of the Council of Heads of Government of the SCO members was held.