At the plenary session of the Valdai Discussion Club, Russian President Vladimir Putin responded to a question posed by Victoria Panova, Head of the BRICS Expert Council-Russia, Vice Rector at HSE University, and Russian W20 Sherpa.
The expert asked what measures are needed to sustain the momentum in BRICS development, broaden its influence, and fulfil the high expectations the international community holds for this group.
In his response, the President highlighted the rapidly expanding markets of Africa, South Asia, and other regions, where growth rates continue to rise. He noted that the combined share of the BRICS nations in global GDP has reached about 40%, compared to 23% for the European Union and 20% for North America.
"And the pace is accelerating. Look at the share of the G7 countries 10–15 years ago and now. The trend is clear. And what is our goal? We want to integrate into this development trend. We want to work more closely together, including with the core #BRICS nations, in these markets—in Africa, which also has a very bright future," the Russian President stated. "The same is true for South Asia and East Asia; they hold immense development potential for humanity. These countries will naturally strive to raise the average standard of living for their citizens toward the levels seen in more developed nations today. Achieving this will inevitably involve intense effort. And we want to be part of this collective, positive work. What part of this is aggressive? This is simply a somewhat nervous reaction to our success, that's all," Putin concluded.
✔Watch the President's full response in the attached video
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