Source link : https://london-news.net/putin-advocates-for-enhanced-brics-influence-and-economic-transition-at-st-petersburg-forum/
President Vladimir Putin highlighted the increasing economic clout of the BRICS nations and Russia’s shift towards non-Western markets during a plenary session at the St. Petersburg International Economic Forum (SPIEF) on Friday. He described this as a “restructuring” of the Russian economy.
“BRICS accounts for 40% of the global economy,” Putin stated in his speech. “It’s clear that this share will continue to expand. This is a medical fact, as they say. The growth will primarily stem from the dynamic countries within the Global South.”
For some time, Putin has aimed to position BRICS — initially formed by Brazil, Russia, India, China, and South Africa — as a geopolitical counterbalance to Western dominance. The group, now including nations like Indonesia and the United Arab Emirates, also featured prominently in his address at last year’s economic forum.
Prior to Putin’s appearance, attendees were shown a striking video illustrating the history of global economic progress. It portrayed the current era with the U.S. depicted as a waning financial power, represented by a Hollywood sign in Los Angeles engulfed in flames. In stark contrast, the BRICS coalition was presented as an emerging, fairer force for global growth in the 21st century.
The plenary session, initially set to begin at 2 p.m. local time, started about 45 minutes late. Lebanese journalist Nadim Koteich moderated the discussion, which included leaders such as Indonesian President…
—-
Author : [email protected]
Publish date : 2025-06-20 16:19:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8