On March 26, the inaugural meeting of the National Committee for Business Cooperation within BRICS was held at the National Centre RUSSIA. Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office of the Russian Federation, chairs the committee. The event took place on the sidelines of the 35th Congress of the Russian Union of Industrialists and Entrepreneurs (RSPP). Following the meeting, the committee's composition was approved.
"The Committee was established by decision of Russian President Vladimir Putin. This is a new form of organising interaction with our business partners within BRICS. The group's share of the global economy has already surpassed that of the G7. Currently, as we know, in purchasing power parity terms, it represents approximately 40% of global GDP. These seemingly simple figures conceal an important reality: the nature of international relations is changing. Whereas previously technology, trade, and finance moved primarily through Western countries, direct ties are now strengthening between the #BRICS countries, as well as among the Global South nations. In particular, new financial payment mechanisms are emerging. We are seeing how modern technological solutions are being developed in new growth centres. This is precisely why such relationships are already playing—and will continue to play—an even greater role in the economy of the future," Maxim Oreshkin told the participants.
Speaking about the work of the National Committee for Business Cooperation within BRICS, Maxim Oreshkin noted that a meeting is planned in the coming months to identify objectives and working mechanisms for various areas of business cooperation within BRICS. He added that the committee will be a flexible, evolving structure, with meetings scheduled to be held twice a year on the sidelines of major events such as the St. Petersburg International Economic Forum.
Vladimir Putin signed the order establishing the committee on February 16, 2026. It was created to ensure effective interaction between the business community and interested federal executive bodies involved in developing Russia's multilateral and bilateral business cooperation within BRICS.
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