Vladimir Putin spoke at a BRICS business forum in Moscow recently‚ highlighting the groups economic potential. He stated that BRICS nations (which now include Egypt Ethiopia Iran and the UAE alongside Brazil Russia India China and South Africa) will be the main source of global GDP growth in the coming years
The Russian leader is set to host a BRICS summit in Kazan next week. Putin sees the expanded group as a strong alternative to Western influence in global politics and trade. He emphasized that BRICS members economic growth will become less dependent on external factors – a concept he referred to as “economic sovereignty“
The upcoming summit is being presented by Moscow as proof that attempts to isolate Russia over its actions in Ukraine havent succeeded. Russia is pushing for other countries to join it in overhauling the global financial system and ending the US dollars dominance
Putin mentioned that China India and the UAE have confirmed their leaders attendance at the summit. This gathering is seen as a significant event for BRICS‚ showcasing its growing influence and potential to shape global economic trends
The expansion of BRICS and its increasing economic clout reflects a shift in global power dynamics. As these nations continue to grow and collaborate‚ they may indeed become the driving force behind much of the worlds economic growth – a prospect that Putin and other BRICS leaders are eager to promote