Putin and Chinese Vice President at SPIEF

Russian President Vladimir Putin confirmed during his participation in the St. Petersburg Forum that the world is experiencing a major structural transformation. He noted the continued 10% growth in trade exchange between Russia and China, as well as an increasing role for the BRICS countries, which are outpacing the G7 nations with growth rates exceeding 4%. He also pointed out that BRICS countries contribute about a quarter of global exports and generate half of the world's economic growth, emphasizing that there is a growing momentum towards sovereignty and the reorganization of the global economic system.

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