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Putin: BRICS drive global trade and growth
Russian President Vladimir Putin stated that the BRICS countries account for about a quarter of global exports, with continuous growth, as their internal trade volume exceeds one trillion dollars annually. He pointed out that BRICS's share of global GDP reaches approximately 40%, surpassing the G7's share of 29%, and that over the past five years, it has been the main driver of global economic growth, contributing 49% of the annual increase in GDP. BRICS is an economic and political alliance comprising the world's fastest-growing emerging economies, with recent expansions including countries such as Egypt, Ethiopia, Iran, the United Arab Emirates, and Indonesia.
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