Putin: “BRICS” has surpassed the G7 in economic power
reported by Mehr News Agency quoted by Ilyum 7, Vladimir Putin on Wednesday announced the significant growth of the “BRICS” economic group in the world economy at a meeting of the State Council Presidium on the subject of export development.
Based on this report, the President of Russia, in a speech referring to the ever-increasing economic growth of the BRICS member countries, announced the superiority of the “BRICS” members in the global economy compared to the Group-7.
Putin went on to add: BRICS share in global GDP was 16.7% in 1992, and in 2022, the G7 group’s share was 30.5%, and in In 2022, the share of J Haft was stable at 30.5%, but the share of BRICS reached 31.4 percent in the same year, and evaluations show that in 2028, the share of J Haft Group will be 7.9 percent, while the share of BRICS will increase to 33.8%.
Putin went on to emphasize that the share of the ruble in Russian exports is close to 40%, and we continue to work in this direction, and at the same time, the share of western currencies in financial transactions. This country is declining.
He stated that despite the problems that this country’s trade is facing, Russia has an active and dynamic participation in international trade and will continue its activities in this direction.
Vladimir Putin added: Western actions towards Russian financial institutions and payment systems (on the pretext of Moscow’s special operations in Ukraine) are hostile; But it doesn’t affect Moscow’s determination.
He then added:
