11.03.2008

Putin: We must end monopoly in world finance

The Russian Prime Minister, Vladimir Putin, has called for a complete overhaul of the world’s financial system in order to guarantee stability and ensure progress. He was speaking in Astana in Kazakhstan, where the Shanghai Cooperation Organisation is meeting to in discuss the global financial crisis.

The organisation, which comprises Russia, Kazakhstan, Kyrgyzstan, China, Tajikistan and Uzbekistan, is widely seen as a counter-weight to NATO's influence in Eurasia. It is primarily concerned with security issues. This time, however, the sides are discussing how to develop social and economic cooperation.

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