Moscow (TDI): Russian President Vladimir Putin has said that BRICS countries will soon generate most of the global economic growth leading economic activities globally instead of the western countries.
Speaking at a business forum in Moscow the other day, Putin hoped to develop and make BRICS as a powerful counterweight to the West in global politics and trade.
Its size and relatively fast growth compared with that of developed Western nations is evident that the group will be leading economic growth in the coming years, Putin said as the Kremlin finalized preparations for hosting a BRICS summit in the Russian city of Kazan next week.
Read More:
BRICS now expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil,
“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, Russian media reported.
Also Read:
Russia wants other countries to work for changing global financial system and end the dominance of the US dollar.
China, India and the UAE has confirmed to participate in the summit in Kazan.
Putin said 30 countries around the world had expressed interest in cooperation with the BRICS grouping and that next week’s summit would consider possible options for the group’s further enlargement.
