Marcos calls for peaceful end to Taiwan, Korea, Russia-Ukraine conflicts

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Metro Manila (CNN Philippines, September 24) President Ferdinand "Bongbong" Marcos Jr. called for a peaceful resolution to the conflicts in the Taiwan Strait and Korean Peninsula, and the war between Russia and Ukraine.

"We are certainly concerned about rising tensions in the Taiwan Strait, just north of the Philippines. We urge all parties involved to exercise maximum restraint. Dialogue and diplomacy must prevail," Marcos said Saturday (Philippine time) in his speech at the Asia Society headquarters in New York.

Marcos added that while the Philippines adheres to the "One China" policy—a diplomatic acknowledgment that there is only one Chinese government—it also hopes for a peaceful resolution of China's issues with Taiwan.

China has conducted military drills close to Taiwan and cut off defense and climate change cooperation with the United States following US House Speaker Nancy Pelosi's recent visit to Taipei.

RELATED: Biden again says US forces would defend Taiwan against Chinese aggression

Meanwhile, Marcos stressed the need for "confidence-building measures" in the Korean Peninsula toward a peaceful and stable Asia Pacific region.

"We are ready to play a constructive role in advancing a peaceful and denuclearized Korean Peninsula through confidence-building measures amongst various stakeholders," he said.

Earlier this month, North Korea declared itself a nuclear weapons country — which leader Kim Jong Un described as "irreversible."

On the Russia-Ukraine conflict, Marcos urged both countries "to continue adopting peaceful means to maintaining international peace and security."

The Bangko Sentral ng Pilipinas earlier said concerns over the war and its protracted impact on global supply chains continue to drive investors towards the US dollar, as the peso continued its slump against the greenback. 

A series of oil price hikes also hit the Philippines more than seven months into the conflict.

Also during his speech, Marcos warned against the use of nuclear weapons in Russia's war with Ukraine.

"It's very worrisome because if there is a possibility that nuclear weapons suddenly become… part of that equation, then we will see the normalization of nuclear weapons, and nuclear weapons will become conventional weapons," the Philippine leader said. "And perhaps that will encourage the nuclear powers to exercise that option, which we all know is going to be really end of the world scenario."

US officials had also warned Russia against using nuclear weapons in its war with Ukraine.