Abstract: The article is devoted to topical international issues regarding the reform of the system of global governance, in the solution of which the work of international organizations and leading states of the world is involved. Speaking as influential players of modern international relations, China and Russia are striving to be active in resolving the pressing problems of our time through participation in the processes of multilateral diplomacy. The article will consider the approaches of state diplomacy within the framework of the International Monetary Fund and the World Bank in addressing the financial and economic aspects of global governance. Analytical and systematic approaches were used as a methodological basis. Such a methodology allowed the most reasonably and objectively review and analyze the problems of the article, namely, the reasons for the intensification of foreign policy of states in matters of global governance and the immediate results of China and Russia on the problem of reforming world financial institutions. The author comes to the conclusion that the activities of China and Russia in the framework of reforming the global governance system, despite their protracted nature, remain one of the most important mechanisms for improving the global financial system, as well as bilateral interaction on a global scale, once again demonstrating the high degree of influence of states on the international the arena, as well as the strengthening positions of the developing world.
 

Abstract: For today's global politics the strategic partnership between Russia and China is growing important including their cooperation within international global and regional organisations. The countries most actively cooperate within The Shanghai Cooperation Organization (SCO). Despite the initial unity of these countries' opinions regarding the development of SCO, currently they face disagreements that became clear when India and Pakistan joined SCO in 2015. The aim of the present research is to describe the process of interaction between these two countries as part of The Shanghai Cooperation Organization after India and Pakistan joined it. To achieve the aim, the author of the article nalyzed the legal basis of their bilateral relations, main achievements and problems arising in the process of their interaction, uniting factors and points of disagreements between China and Russia as part of SCO, and their views on India and Pakistan joining The Organisation. The methodological basis of the research included analytical and systems approaches. Such methodology allowed a more argumented and objective analysis of the problem, in particular, what causes differences in opinions of Rusia and China as part of SCO. The author also applied the method of comparison to analyze approaches of different scientists on defining geopolitical interests of states in the region and international system in general. The author concludes that SCO activity still remains one of the most important bilateral interaction mechanism in the region and promotes development of the Central Asian Region and reduction of their security issues despite certain differences in opinions between the states.