BRICS bloc driving multipolar world order, says Putin

BRICS summit multipolarity global GDP economic sanctions multilateralism

During the 18th BRICS Summit in New Delhi, Russian President Vladimir Putin asserted that the BRICS bloc is a driving force in establishing a new multipolar world order. He emphasized that the group's values and ideals are increasingly attractive to many nations seeking independent development and multilateralism.

Putin highlighted the economic shift toward the BRICS, noting that the bloc now represents over 40% of global GDP, surpassing the G7's 29%. He stated that BRICS members accounted for nearly half of global economic growth over the past five years. To bolster independence from Western influence and sanctions, Putin noted that the group is developing its own financial and technological infrastructures, including independent payment, settlement, and custody systems.

Additionally, the Russian leader reported that internal trade within the BRICS has reached 1.2 trillion dollars. He called for the strengthening of economic cooperation and the use of local currencies to facilitate cross-border payments, while advocating for reforms in international institutions to provide greater representation for developing nations.

Entities

BRICS · Dmitri Peskov · G7 · India · New Delhi · Russia · United Nations · Vladimir Putin

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Internal trade within the BRICS group has reached 1.2 trillion dollars. noticiaslatam.lat
[○ 1 SOURCE] The BRICS group is working to create its own infrastructure for payments, settlement, and custody. ciudadoriental.com
[● 3 SOURCES] Vladimir Putin stated that the BRICS block is playing an increasingly important role in constructing a multipolar international system. elnortealdia.com · www.periodicovictoria.cu · actualidad.rt.com
[○ 1 SOURCE] BRICS countries accounted for nearly half of global economic growth over the last five years. lanigua.com.mx
[○ 1 SOURCE] The BRICS bloc represents more than 40% of global GDP, while the G7 accounts for 29%. lanigua.com.mx
[○ 1 SOURCE] Russia is currently facing more than 30,000 Western sanctions. lanigua.com.mx