Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
St. Petersburg, June 20 (Xinhua) — Global challenges require a global response; they cannot be resolved alone. Only joint actions within an organization such as BRICS can ensure movement forward, Russian President Vladimir Putin said.
“The global challenges facing the modern world certainly require a global response. Solving problems alone, especially at someone else’s expense, is simply impossible – it’s an illusion. Only joint actions within the framework of such an organization as BRICS, for example, and some other formats, can ensure the movement of the entire civilization forward,” said V. Putin during the plenary session of the St. Petersburg International Economic Forum.
According to the Russian President, the share of BRICS countries in the global economy has doubled since the beginning of the century and will inevitably grow.
“If at the beginning of the 21st century, the BRICS countries, for example, made up a fifth of the global economy – only a fifth, today it is already 40 percent of the global economy. And it is obvious that this share will only grow. This is, as they say, a medical fact, this will happen inevitably,” V. Putin is confident.
Ties within the BRICS group are strengthening and mutual trade is growing, the Russian president noted.
“We pay special attention to strengthening ties within BRICS. The mutual trade turnover of our countries has already exceeded a trillion dollars and will continue to grow. All of this, in essence, is elements of a global growth platform, and they are built on the key principles of BRICS. And these are consensus, parity, and consideration of each other’s interests,” said V. Putin. –0–