Deutsche Tageszeitung - Putin, Xi hold talks in Kyrgyzstan as regional summit begins

Putin, Xi hold talks in Kyrgyzstan as regional summit begins


Putin, Xi hold talks in Kyrgyzstan as regional summit begins
Putin, Xi hold talks in Kyrgyzstan as regional summit begins / Photo: © POOL/AFP

Russia's Vladimir Putin and China's Xi Jinping began talks Monday in Kyrgyzstan, where a dozen other heads of state also gathered for a two-day summit of the Shanghai Cooperation Organisation (SCO), which seeks to be a counterbalance to the West.

Change text size:

Iran's leader Masoud Pezeshkian, Turkey's Recep Tayyip Erdogan, India's Narendra Modi and Pakistan's Shehbaz Sharif were also among those in Bishkek to attend the summit of the regional SCO bloc, which celebrates its 25-year anniversary.

The summit takes place four-and-a-half years into Moscow's Ukraine invasion and six months into the war between Washington and Tehran.

Putin and Xi have previously used SCO summits to promote their vision of a multipolar world and present a united front against the West.

Xi told Putin he was "happy" to see him, saying Russia-Chinese ties have become "more solid" and that their "prospects will be even brighter".

"The amount of uncertainty and unpredictability in the international order has obviously increased," the Chinese leader said.

Putin told Xi that: "Cooperation is successfully developing on all fronts." The pair last met in May.

Russia's economy has become increasingly dependent on China during its 4.5-year invasion of Ukraine. Western countries have called on Beijing to pressure Moscow to end its offensive.

The Kremlin's spokesman Dmitry Peskov told Russian media the pair only discussed the Ukraine war "in passing".

Putin is also expected to hold separate talks with Iranian President Masoud Pezeshkian.

Russia and Iran -- among the most sanctioned states in the world -- have massively deepened their military and economic ties since Moscow invaded Ukraine.

- War not 'in our interest' -

US President Donald Trump has warned Moscow and Beijing against arming Iran.

Putin's meeting with Pezeshkian will come days after the CIA's director John Ratcliffe made a rare trip to Moscow, with US media speculating he could have discussed Ukraine and Iran with his Russian counterparts.

Speaking in Bishkek after the first exchange of fire between the United States and Iran in a month, Iran's Pezeshkian said continuing the war was not in Tehran's interests.

"We continue to strive for a path of agreement and understanding, and we believe that continuing the war is neither in our interest, nor in the interest of the region," he told India's Modi.

Putin, Xi, Pezeshkian, Modi and Sharif are due to take part in a plenary session chaired by Kyrgyz leader Sadyr Japarov.

The SCO has historically focused on economic issues but has gained momentum in recent years under Moscow's and Beijing's leadership.

On top of its 10 members, it now has 15 "dialogue partners", including Turkey, Saudi Arabia and Qatar.

It also has two observer countries: Afghanistan and Mongolia.

- Real and trade wars -

The Bishkek summit takes place at a time when some SCO members are in the midst of real wars -- the Ukraine and Iran conflicts -- or trade wars, with the imposition of US tariffs on Chinese and Indian goods.

This month, the US slapped secondary sanctions on Iran's trading partners in the sectors of gold, technology, digital assets, aviation and maritime transport, aiming to cripple Tehran's economy.

Washington has also threatened Iran's allies with sanctions.

China, a major importer of Iranian oil, responded by saying it would "firmly defend" its interests.

Iran, living under sanctions since its 1979 revolution ended with Islamic authorities taking charge, has regularly said it will not cave to economic pressure.

But Pezeshkian has acknowledged his country faces "economic difficulties".

Iran only joined the bloc in 2023.

But concrete benefits of the group are uncertain, he said, as "in times of crisis, these alliances have rarely allowed Iran to resolve its difficulties".

While the bloc claims to represent some 40 percent of the world's population and 25 percent of global GDP, it remains diverse, with disagreements among members.

(V.Sørensen--DTZ)

Featured

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

BHEL wins Adani Power projects valued at up to ₹28,000 crore

New Delhi, Nov 4 (PTI) State-owned BHEL on Wednesday said the company has received four projects, worth ranging between Rs 20,000 crore and Rs 28,000 crore, from Adani Power. The fresh orders involve supply of equipment (boiler, turbine and generator along with auxiliaries) and agreed services for the said projects, BHEL said in an exchange filing.

IndiGo holds talks with Embraer over potential order for 100 aircraft

By Abhijith Ganapavaram and Aditi Shah NEW DELHI, Nov 4 (Reuters) - India's largest ​airline IndiGo is in early-stage talks to ‌buy 100 regional jets from Embraer, ​with options for about ⁠50 more, three people with direct knowledge of the matter said, in what could ‌be one largest commercial aircraft orders placed with the Brazilian planemaker. IndiGo ‌and Embraer did not immediately respond ‌to ⁠requests for comments.

India seeks threefold increase in coal stocks to prevent summer power shortages

India has asked coal miners and railways to help triple stockpiles at power stations before next summer, an ambitious target aimed at averting shortages that could also raise tensions with other users of the fossil fuel. The coal, power and railways ministries jointly set a goal to boost inventories at the plants from current levels near 18 million tons to at least 55 million by the end of the fiscal year in March, as reported by people familiar with the matter.

Change text size: