Russian Security Council Secretary Sergei Shoigu has sharply criticized the United States for its role in escalating tensions with Iran, accusing Washington of fueling global instability. Speaking at a meeting of the Shanghai Co-operation Organisation (SCO) in Bishkek on Thursday, Shoigu stated that the West has misappropriated assets belonging to other states worth over half a trillion dollars. He expressed confidence that 'the leaders will draw the correct conclusions' about the risks of holding national savings in Western banks.
Shoigu Highlights Western Asset Seizures
Shoigu's remarks come amid growing concerns over the seizure of Russian central bank reserves and other sovereign assets by Western nations following the Ukraine conflict. He emphasized that the SCO member states should be wary of such practices, which undermine trust in the global financial system. 'The West has misappropriated assets belonging to other states worth over half a trillion dollars,' Shoigu said, calling for collective action to safeguard national wealth.
Global Situation 'Steadily Worsening'
The Russian Security Council Secretary also noted that the global situation continues to 'steadily worsen' due to the United States' desire to preserve its status as a dominant power. He specifically linked this to the US military posture toward Iran, warning that Washington's actions are destabilizing the Gulf region. 'The United States is behind much of the instability we see today,' Shoigu asserted, urging SCO members to work together to promote peace and security.
Shoigu's comments align with Russia's broader narrative that the US is a disruptive force in international affairs. He called for enhanced cooperation within the SCO to counter Western influence and ensure regional stability. The meeting in Bishkek also addressed economic and security challenges facing member states, with a focus on counterterrorism and energy security.
Earlier this week, reports emerged of heightened US military activity near the Strait of Hormuz, a critical waterway for global oil shipments. Iran has warned of severe consequences if its sovereignty is violated, while Russia has offered diplomatic support to Tehran. Shoigu's statement underscores Moscow's commitment to backing Iran against perceived US aggression.
The SCO, which includes China, India, Pakistan, and several Central Asian nations, has increasingly positioned itself as a counterweight to Western-led alliances. Shoigu's warning about Western asset seizures is likely to resonate with member states that hold significant reserves in dollars and euros. Analysts suggest that this could accelerate de-dollarization efforts within the bloc.
In related developments, the European Union has urged restraint from all parties in the Gulf, while the United Nations called for de-escalation. However, Shoigu's remarks indicate that Russia sees little room for compromise with the US on this issue. 'The leaders of our organization must understand the risks and take necessary measures to protect their national interests,' he concluded.
