Putin in the plenary session of the BRICS Business Forum: There are plans to develop the partnership in 3 directions

The following are the most prominent statements of Putin:

• More than 300 events and meetings were held at the level of experts and ministers
• The main event is the summit that will take place next week in Kazan
• The business meeting underscores the importance of close cooperation in the economic field
• Deepening cooperation between the BRICS countries and striving for economic growth and stability gives tangible results and improves the lives of citizens in our countries.
• The total GDP of the BRICS countries is more than $60 trillion, which is more than the G7
• The difference between the gross domestic product of the BRICS group and the Group of Seven industrialized countries is increasing, which is inevitable
• In recent years, there are expectations that the BRICS group will grow by 4%, which is higher than the G7 countries’ 1.7%, and the growth of the global economy by 3.2%.
• BRICS accounts for a quarter of the world’s commodity exports, and they are countries that dominate a number of markets, including energy markets.
• The BRICS countries play a noticeable role in the global economy, a role that will increase in the future.
• The economic growth of BRICS will be less dependent on external influences thanks to sovereignty and partnership that enhance the capabilities of this group.
• BRICS Bank represents an alternative to a number of Western financial institutions, and we will develop this without pitting ourselves against or against anyone
• This new bank will be mainly involved in infrastructure projects for the BRICS countries and the countries of the Global South in general
• There is work to develop transportation methods and the solutions required in governance and others
• I would like to thank the business community for the projects they provide, especially the North-South corridor, which will allow the opening of shorter trade routes and the development of energy transfer points.
• We have a plan to develop the Northern Shipping Corridor, new routes are being opened, power plants are being built for ships and other projects. The north-south corridor connects the northern regions with the Gulf states and India.
• We develop digital commerce using the Internet, artificial intelligence and large-scale data processing. We will form a unified digital infrastructure for the BRICS countries, which will help in compatibility in the field of business and in the field of information security.
• Russia is open to business cooperation, and we are creating a comfortable infrastructure for business and attracting investments and technologies from abroad, primarily through cooperation with you.
• We emphasize that our joint efforts should be directed to strengthening special platforms and resolving logistical issues, and we are working to realize the “BRICS” potential based on the population and resources available to our countries and citizens.
• The results of the BRICS Business Forum will affect the work of the upcoming summit in Kazan, October 22-24.

The forum comes about a week before the BRICS summit in the Russian city of Kazan, where Russia chairs the group this year.

BRICS is an international group that was established in 2006, and Russia has assumed its presidency since the beginning of this year, 2024.

In addition to Russia, Brazil, India, China and South Africa, Egypt, the Emirates, Saudi Arabia, Iran and Ethiopia have joined BRICS since the beginning of 2024.

Source: RT