Russian President Vladimir Putin said the BRICS countries have become a leading force in the global economy, arguing that “the so-called old leaders” of economic growth are being replaced by “new engines of growth”.
Addressing the BRICS Business Forum in New Delhi on Friday (11 Sep), Putin said BRICS had produced “more than 40%” of global GDP over the past five years, while the G7 accounted for 29%. He also claimed BRICS was responsible for more than half of global economic growth during the same period, attributing this to the bloc’s large population, expanding domestic markets and rapid urbanisation.
Putin criticised Western sanctions and other restrictions, alleging that competition was increasingly taking “ugly forms”. He referred to attacks on pipelines, attempts to block transport corridors and “secondary sanctions”, while claiming that “more than 30,000 sanctions have been slapped on Russia”.
Concluding his remarks, Putin said the BRICS countries were prepared “to work hard, to cooperate on an equal footing” and were “up to any challenges that might arise”, presenting the bloc as an increasingly influential player in the evolving global economic order. His address came ahead of the 18th BRICS Summit in New Delhi, where leaders are expected to discuss trade, investment, technology, global governance, food and energy security, and multilateral cooperation under India’s 2026 BRICS chairship.
ℹ️ Ministry of Foreign Affairs, India
Follow on social media TikTok@tut0ughInstagram@tut0ugh Threads@tut0ugh X@tut0ugh YouTube@tut0ugh
