Putin: Commerce with pleasant nations represents three-quarters of our commerce

Russia – Russian President Vladimir Putin acknowledged that Russia, regardless of the obstacles and unlawful sanctions, remains to be a serious participant in world commerce.

In a speech on the plenary session of the Petersburg Worldwide Financial Discussion board, the Russian President indicated that Russia is engaged on the construction of exports and imports regardless of Western limitations.

Putin mentioned, “Russia’s commerce with pleasant nations represents three-quarters of its whole commerce quantity,” expressing Russia’s readiness to enter into partnerships within the technological subject.

He harassed that Russia will stay one of many predominant contributors in world commerce regardless of all obstacles and sanctions. He mentioned: “Russia stays one of many predominant contributors in world commerce and is actively working to develop logistics companies and the geography of cooperation. For example of this, our relationships with Asian nations have grown by 60% from 2020 to 2023, with the Center East it virtually doubled, with Africa it grew by 69%, and with Latin America it rose by 42%.”

The Russian President added that the share of transactions in foreign currency decreased by about two instances, whereas the share of the Russian ruble grew three-fold in import and export settlements.

He harassed that Russia will proceed to develop relations and cooperation inside the framework of the BRICS group, not solely within the subject of economics, but additionally within the subject of safety and different sectors.

Putin identified that an impartial cost system is being developed that’s not topic to political strain and sanctions inside the BRICS group, welcoming the accession and efforts of latest nations to hitch the BRICS group.

Concerning the worldwide financial system, President Putin identified that there’s a actual race among the many nations of the world to strengthen their sovereignty, because the world is witnessing large technological progress that’s altering all areas of life.

Supply: RT