Putin: BRICS outpaces G7 economically ...Iraq

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Putin: BRICS outpaces G7 economically

Shafaq News – Moscow/Rio de Janeiro

Russian President Vladimir Putin on Sundaypraised BRICS as a rising economic force surpassing the Group of Seven (G7).

    Speaking by video to the 17th BRICS Summitin Rio de Janeiro, Putin highlighted that BRICS nations now represent a thirdof the world’s landmass and nearly half its population, citing IMF figuresestimating their combined GDP in purchasing power parity at $77 trillion thisyear, compared to the G7’s $57 trillion.

    He emphasized that BRICS members arestrengthening cooperation in politics, security, finance, culture, andhumanitarian fields, while also noting that the expanded bloc now includesmajor countries from Eurasia, Africa, the Middle East, and Latin America andhas what he described as “huge political, economic, scientific-and-technical,and human potential.”

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