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SCO Development Bank Should Be Entirely Independent of the Financial Systems of States that Weaponize Economic Instruments

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Russian President Vladimir Putin called for the independence of the Development Bank of the Shanghai Cooperation Organization from countries that use financial mechanisms as weapons. "The [SCO development bank], in my view, should be as independent as possible from the financial systems of those States that use economic instruments as weapons to obtain unilateral advantages in international affairs," noted Vladimir Putin at the meeting of the Co…

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The SCO Development Bank should be as independent as possible from the financial systems of countries that use finance as a weapon, as announced by Russian President Vladimir Putin at the SCO summit in Bishkek, TASS reports.

The SCO Development Bank should be as independent as possible from countries that use finance as a weapon, stated Russian President Vladimir Putin.

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1prime.ru broke the news on Tuesday, September 1, 2026.
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