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Date: July 6, 2022 3:55 am

Russia does not need a new G8, Russian Foreign Minister Sergei Lavrov said on Thursday, June 23.

“The EAEU is actively promoting integration processes together with the People’s Republic of China, harmonizing China’s One Belt, One Road project with plans for Eurasian integration,” he added.

According to the minister, Russia does not see any need for the G8, because all the necessary structures already exist in the Eurasian space. The Shanghai Cooperation Organization, Lavrov added, also “fits” well in the integration processes.

In addition, he recalled that there is an organization that goes beyond Eurasia: it is BRICS (Brazil, Russia, India, China, South Africa), reports RIA Novosti.

A day earlier, Russian President Vladimir Putin said that the issue of creating an international reserve currency based on the currencies of the BRICS countries is now under development. He stressed that Russia’s financial messaging system is open to banks from BRICS countries.

In May, the Russian ambassador to Brazil, Alexei Labetsky, said that in the context of sanctions against Russia by Western countries, the format of the BRICS work may change. According to him, new opportunities for cooperation have now opened up for the organization.


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