Russia prioritizes BRICS, SCO, G20 over G7, views it as outdated

Published 17/02/2025, 15:48
© Reuters.

Russia is prioritizing its engagement with BRICS (Brazil, Russia, India, China, and South Africa), the Shanghai Cooperation Organization (SCO), and the Group of Twenty (G20) over the Group of Seven (G7), which it considers an outdated platform. Oleg Stepanov, Russia’s ambassador to Canada, emphasized Moscow's commitment to multilateral cooperation through what it views as more relevant organizations in the current geopolitical context.

Stepanov was unequivocal in dismissing the idea of Russia rejoining the G7, stating that the group no longer plays a meaningful role in international affairs. "Russia has no desire to refer to past experiences. What is currently referred to as the G7 is an outdated platform. It is naive to think that it holds any sway in the new international realities," he said.

The ambassador highlighted Russia's decision to work with global institutions that it believes offer a more balanced and inclusive approach to governance. He noted, "Within the framework of multilateral cooperation, Russia has made a clear choice in favor of genuine mechanisms for global governance."

Recalling the events of 2014, Stepanov explained that Russia was preparing for a G8 summit in Sochi when Western countries, along with Japan, withdrew from the association following Crimea's reunification with Russia. According to Stepanov, the group effectively ceased to exist at that point, and Russia was subsequently expelled, leading the G8 to revert to the G7.

Russia is now looking towards greater opportunities in BRICS, a group of major emerging economies, and the G20, which includes both developed and developing countries. This move reflects Russia's strategic shift to foster relationships within organizations it deems more aligned with its interests and the current global power dynamics.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.