UPDATE 1 – China’s Xi criticises sanctions ‘abuse’, Putin scolded the West

* Xi calls for rise of BRICS nations

* Xi says Cold War mentality must end

* Putin blames Western export crisis

* BRICS leaders hold online meeting (Adds Putin, BRICS size)

Guy Falconbridge

LONDON, June 23 (Reuters) – Chinese President Xi Jinping on Thursday criticized the “abuse” of international sanctions, while Russian President Vladimir Putin scolded the West for fomenting a global crisis, with both leaders calling for stronger gold. Brick countries cooperation.

Xi called on Brazil, Russia, India, China and South Africa (BRICS) to shoulder the responsibilities conferred by their economic clout, saying they should defend a truly multinational international system based on the United Nations.

“We must abandon the Cold War mentality, prevent confrontation, and oppose unilateral sanctions and abuse of sanctions,” Xi told the BRICS summit through an interpreter.

Xi Jinping said that today’s meeting is at a critical moment in the decision of the destiny of mankind: as important emerging market countries and developing countries, the BRICS countries must have the courage to shoulder their responsibilities.

China is by far the largest economy in the BRICS group, accounting for more than 70 percent of the group’s $27.5 trillion economy.

Putin called for stronger BRICS cooperation and lashed out at the West, which he accused of instigating a crisis.

“Only on the basis of honest and mutually beneficial cooperation can we find a way out of the crisis situation that has developed in the global economy due to the ill-considered and selfish actions of individual countries,” Putin said.

He accused the West of “using the financial mechanism” to “transfer its own mistakes in macroeconomic policy to the world”.

Putin has said relations with China are the best ever and touted a strategic partnership with China aimed at countering American influence.

U.S. President Joe Biden has said the West is fighting authoritarian governments such as China and Russia.

The United States and European powers have blamed Putin’s decision to invade Ukraine as relations with the West fell to their lowest level since the Cuban missile crisis in 1962 – including the toughest sanctions in modern history.

But Putin said the West wanted to destroy Russia, that economic sanctions would be akin to a declaration of war, and that Russia would establish ties with other powers such as China and India.

Putin has dismissed the Ukraine war as a “special military operation,” accusing the United States of humiliating Russia after the collapse of the Soviet Union in 1991 and threatening Moscow by expanding the NATO military alliance.

Russia sent troops to Ukraine on February 24 to weaken the military capabilities of its southern neighbor, root out what it calls dangerous nationalists and protect Russian-speaking people in two regions of eastern Ukraine.

Ukraine says Russia has launched an imperial land grab and will never surrender its territory to Russia. (Reporting by Guy Faulconbridge; Editing by Kevin Liffey and Jane Merriman)

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