Putin Highlights BRICS Economic Power
The article focused on Russian President Vladimir Putin's statements during the BRICS summit in New Delhi, where he emphasized that BRICS is a major driver of the global economy. He highlighted that intra-BRICS trade has reached $1.2 trillion, and that the member countries account for about a quarter of global exports and contribute 49% to the growth of the global Gross Domestic Product (GDP). Putin pointed out that the group promotes genuine multilateralism in international relations and works to shape a more equitable multipolar global system. He also stressed the importance of establishing a new investment platform for BRICS to attract long-term capital, with 123 projects funded through the group's development bank, valued at around $40 billion. The summit will discuss developing these capabilities further to meet larger financing needs.
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