Russia is seeking to expand the BRICS… and China: growth is not monopolized by anyone

Russian President Vladimir Putin announced that Russia will seek to expand the BRICS group, during its next presidency of the group, and will work to achieve international justice.

He said in a recorded speech before the BRICS summit, held in Johannesburg, South Africa, on its second day: “We seek to exclude the dollar from the intra-trade of the (BRICS) countries, and the group will launch a special commission for transport between its countries, and the (BRICS) countries will work on the transition to national currencies.” ».

For his part, Chinese President Xi Jinping stressed, in a recorded speech to the BRICS summit, that economic growth is not confined to certain countries.

He added, “The pattern of the Cold War still affects the world, and strengthening cooperation between the (BRICS) countries politically and in security is our choice, and the world is suffering because of conflicts and crises.”

He explained that cooperation between the BRICS countries must be strengthened to promote economic growth, noting that the BRICS countries will work together in a spirit of inclusiveness, harmony and respect for each other.

In his speech, South African President Cyril Ramaphosa stated that developed countries had not implemented their climate commitments, and that global financial institutions had become used as tools in geopolitical conflicts.

He noted, “We will cooperate with all countries that have an interest in building a comprehensive and just world order, and the (BRICS) summit will continue to discuss the use of local currencies in intra-trade.”

For his part, Indian Prime Minister Narendra Modi said that the BRICS virtual currency will form the basis for cooperation and partnership between the countries of the group.

Modi said, before the BRICS summit: “The BRICS Development Bank constitutes an important resource for the countries of the South, and cooperation in the fields of space research and education will strengthen the ties between the (BRICS) countries, and we consider that the future of the (BRICS) countries is one, which is a slogan we adhere to.”

It is noteworthy that the group includes Brazil, Russia, India, China and South Africa, whose combined economies constitute more than 26% of the global economy, while the population of these countries constitutes 40% of the world’s population.

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