Vladimir Putin addressed the extended-format meeting of the BRICS Summit. Key statements by the President:

Vladimir Putin addressed the extended-format meeting of the BRICS Summit. Key statements by the President: Global trade and global economy at large are undergoing significant change, with the fulcrum of business activity shifting towards the developing markets. The economies of the BRICS nations show sufficient stability thanks to responsible macroeconomic and financial policies implemented by their governments. The average growth in the association in 2024–2025 is expected to reach 3.8 percent. By the end of 2024, the share of the BRICS states in the global GDP when measured at purchasing power parity will reach 36.7 percent, which is easily superior to that of the G7 countries. It stands to reason that the association will keep following the trend for maintaining a leading role in the global economy. In order to unlock the potential of the growing BRICS economies, cooperation must be expanded in a number of areas, including technology, education, efficient resource exploitation, ... Source: Kremlin. News