During the SPIEF, President Putin emphasized that BRICS nations have surpassed 1 trillion USD in trade, contributing significantly to the global economy’s 40% share. The rising group’s economic influence aims to include more members, fostering consensus and growth beyond Western models.
Putin noted a strategic shift in Russia’s economy from oil and gas reliance towards greater exports to China and India. This transition reflects a broader goal of reducing dependence on Western economies while embracing technological advancement and collective growth within BRICS.
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