From Our Web Desk : Eastern Chronicle 24×7, The 18th October, 2024.
- BRICS- are the main counterweight of West.
- BRICS- is ‘open’ to admission of new members, says Putin.
- BRICS-to focus on boosting use of National Currencies, not on International. – says Putin.
- Common Currency talk of Bricks is ‘ premature’.
BRICS group will generate most powerful global economic growth in coming years, thanks for it’s size and relatively fast growth compared with that of developed western nations, Vladimir Putin says on Friday.
Hopings to build up BRICS, which now expand to includes Egypt 🇪🇬, Iran🇮🇷, Ethiopia🇪🇹, And United Arab Emirates 🇦🇪, as well as Brazil🇧🇷, Russia🇷🇺, India🇮🇳, China🇨🇳, and South Africa🇿🇦. As a powerful counterweight of west in global politics & Trade.
The Leader of Kremlin says due to Russia’s Kazan, the city will host the BRICS summit on October 22-24, for 2024.
” The countries on our association are essentially the drivers of global economic growth in foreseeable future, BRICS will generate the main increase of global GDP “.
” The economic growth of BRICS members will increasingly depends less on external influence or interference, this is essentially economic sovereignty “- Moscow added.
The next week’s summit is being presented by Moscow as evidence of Western effort to isolate Russia over it’s action on Ukraine.
Russia wants other countries involves to work on it and overhaul on global trade financial system, and ends of the dominance of US Dollars. China, India, and UAE confirmed their presence in the summit.
Moscow added more that, thirty (30) numbers of the countries, around the World had expressed their interests in cooperation with BRICS groupings, and that should be considered with possible options for future enlargement, will discuss in the summit elaborately.
“Doors are open, we are not barring anyone”-Putin added.
BRICS group members were working on a SWIFT-like financial messaging system immune to western sanctions and the use of National Digital Currencies in financial investment projects with high growth potential inside or outside BRICS.
Putin will stress in a talk to implement of extensive use of national currencies, while taking about a single currency for BRICS groupings is a ‘Premature’ talk.
A new Development Bank, of BRICS groupings countries functional for multilateral development Institute to invest in technology, infrastructure accross the global South.
Putin sought to promote Russian new mega project, such as arctic sea route & north-to-south corridore, linking Russia to the Gulf, and Indian Ocean through the caspian sea and Iran.
” It is the key to increasing freight transportation between the Eurasian, Indian & African Continents.”- Putin Added.
