President Putin Speech At The BRICS Gives The Ball To U.S. Voters On Foreign Policy And Economy

The BRICS the most powerful economic and military union in the world is creating a new development bank. Where the trade will be controlled by them. Changing the polarization of the world economically to a unipolar economy from a multipolar world agenda. The report about BRICS can be read here in a title we wrote called “Will BRICS+ Are Going To Dominate The United States?” It’s Already Building Its Way To Dominate The Worlds Markets,” where even NATO and the European Union will be left behind if challenged in a world divided in two. In the beginning of this year reflects the intention of the bloc’s countries to enhance multilateral cooperation and raise the voice and interests of developing countries in various international and regional forums.

This came in his speech during the second expanded general session of the BRICS Summit, in the presence of leaders and heads of delegations of the grouping countries, to discuss international developments, economic cooperation, and the Kazan Declaration that will be issued at the conclusion of the summit

Ladies and gentlemen,

Your Majesties and Excellencies,

Dear guests,

I am pleased to speak at this session, which represents a favorable opportunity to exchange views and consultation, within a framework of frankness, to enhance common understanding of current international and regional issues. I would also like to commend the briefing reports submitted by the President of the New Development Bank, representatives of the BRICS Business Council, the Businesswomen Alliance, and the BRICS Banking Cooperation Mechanism, and to affirm our full support for their work.

Russia firmly believes in the importance of strengthening the multilateral international system, with the United Nations and its agencies at its heart, as the fundamental pillar for preserving the gains of peace, stability and development, and the strong guarantee for maintaining international peace and security. However, the successive crises that have swept the world over the past years have demonstrated beyond doubt the inability of the international system to deal fairly with conflicts around the world, in addition to the state of polarization and selectivity that has come to characterize the international system.

International developments have shown that the shortcomings of the current international system are not limited to political and security issues, but extend to economic and developmental issues. Developing countries suffer from the escalation of the debt problem and the lack of necessary funding to achieve sustainable development goals, in addition to the high cost of financing and borrowing. From this standpoint, Russia gives high priority to taking tangible steps that ensure the international community plays its role in providing soft financing to achieve development in developing countries, by creating innovative and effective mechanisms for financing development and comprehensive mechanisms to ensure sustainable management of developing countries’ debts.

I would also like to point out that Russia hosted the first international forum of the “New Development Bank” last June, which aims to introduce the bank’s operations and the support it provides to the public and private sectors, and to discuss prospects for future cooperation between BRICS member states. This comes in light of our belief in the important role played by the “New Development Bank” in providing soft financing to support the implementation of development projects in developing countries, especially in the sectors of transportation, clean energy, digital infrastructure, and urban development.

The expansion of BRICS membership at the beginning of this year reflects the intention of the bloc countries to enhance multilateral cooperation and raise the voice and interests of developing countries in various international and regional forums. From this standpoint, Russia affirms its support for enhancing consultation and coordination among BRICS countries and intensifying cooperation to confront common international challenges, especially climate change, access to concessional financing, food security, increasing rates of poverty and hunger, and the widening digital and knowledge gap.

Russia also stresses the importance of promoting cooperation frameworks in the field of financial settlements in local currencies, and investing in the comparative advantages of the bloc’s countries, to launch joint economic, investment and development projects, especially in the fields of agriculture, industry, digital transformation, and new and renewable energy. In addition to our support for the important role of the BRICS Business Council and the BRICS Businesswomen’s Alliance in intensifying cooperation between the private sector and business owners in the member states, as they are key partners in efforts to achieve sustainable development.

Before concluding my speech, I would like to once again affirm Russia’s commitment to the principles and axes of work of the BRICS group, and its keenness to enhance cooperation between its countries, in a way that contributes to maximizing its role in establishing security and stability, increasing global economic growth, and achieving sustainable development goals.

His Excellency President Vladimir Putin.

President of the Russian Federation.

Your Majesties and Excellencies.

Heads of State and Governments