Putin says BRICS, not the West, will drive global economic growth

Spread the love !

MOSCOW, Oct 18 (Reuters) – The BRICS group will generate most of the global economic growth in the coming years thanks to its size and relatively fast growth compared with that of developed Western nations, Russian President Vladimir Putin said on Friday.

Putin hopes to build up BRICS – which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa – as a powerful counterweight to the West in global politics and trade.
The Kremlin leader is due to host a BRICS summit in the Russian city of Kazan on Oct. 22-24.

“The countries in our association are essentially the drivers of global economic growth. In the foreseeable future, BRICS will generate the main increase in global GDP,” Putin told officials and businessmen at BRICS business forum in Moscow.

“The economic growth of BRICS members will increasingly depend less on external influence or interference. This is essentially economic sovereignty,” Putin added.
Next week’s summit is being presented by Moscow as evidence that Western efforts to isolate Russia over its actions in Ukraine have failed.

Russia wants other countries to work with it to overhaul the global financial system and end the dominance of the U.S. dollar.

China, India and the UAE confirmed on Friday that their leaders would attend the summit in Kazan.

‘DOORS ARE OPEN’

Putin said 30 countries around the world had expressed interest in cooperation with the BRICS grouping and that next week’summit would consider possible options for the group’s further enlargement.

Spread the love !

Related Posts

Trump, Who Brags About His ‘Stamina,’ Is Ducking Interviews Because He’s ‘Exhausted’

Donald Trump has long claimed no one has ever been more physically and mentally equipped to be president than him. In particular, Trump, who is now 78 years…

Zelensky warns Ukraine conflict will turn into World War 3 if Russia not contained

Ukrainian president Volodymyr Zelensky has said he fears the Ukrainian conflict will escalate into a third world war if Russian aggression is not contained with support from Kyiv’s Western allies. In an…

Hailey Bieber was ‘unhappy’ with her father, Stephen Baldwin, when he talked about Justin Bieber’s past. The story he shared seriously affected many people, including… See more

Hailey Bieber‘s father, Stephen Baldwin, asked the public for prayers for his daughter and her husband, Justin Bieber — and as it turns out, something’s going on…

BREAKING NEWS: Tia Kemp LEAKED Rick Ross Diddy Video | This Makes Her…. See more

In the world of hip-hop, where secrets are currency and betrayals abound, the recent revelations involving Rick Ross, Diddy, and his baby mama Tia have stirred a…

Why Will Smith Sold Jaden Smith to Diddy? Does he is a father? What is a reason? Read more

It’s trυe that Diddy received Jadeп Smith from Will Smith becaυse of his freakoυts. Social media υsers are discυssiпg the пewest developmeпts iп the dramatic case iпvolviпg…

HOT NEWS: Diddy LEAKED The Footage Of Jay Z & Beyonce After He Was… See more

Chaos erupted following Diddy’s recent arrest amid allegations of sex trafficking and racketeering. While the spotlight remains on the music mogul, attention is now shifting toward his…

Leave a Reply

Your email address will not be published. Required fields are marked *