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Putin with message world: "Globalization is dead, it’s time for Brics"

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Putin with message world: "Globalization is dead, it’s time for Brics"
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Russia President Vladimir Putin ordered Brics to be a liberal globalization behind us and that the future belongs to rapid economic growth, the country should increasingly use their own national currencies in international trade.

Putin at the Brics Summit, addressed the video link, as the arrest order was issued by the Interior Criminal Court due to the alleged war crimes in Ukraine. Moscow rejects this order as political motivated and legally unfounded.

Brics is a group of countries in which there are about 45 percent of the world’s population.

– Everything shows that the model of liberal globalization is overcome. The economic focus is switched to marketplace in development – said Putin in video.

He also called for Brics Chains on more intensive cooperation in the areas of energy resources, logistics, trade and finance.

Brics main members – Brazil, Russia, India, China and South Africa, have a shared GDP of about 28 trillion dollars, while the G7 students exceed $ 51 billion, according to the International Monetary Fund.

The largest part of Brics economic strength comes from China, which in more than 60 percent of the total GDP of this group. In addition to five main countries, Brics now includes Egypt, Ethiopia, Indonesia, Iran and United Arab Emirates.

(Vijesti.ba)


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