https://sputniknews.in/20230822/de-dollarization-among-brics-nations-is-irreversible-russian-president-putin-3767385.html
De-dollarization Among BRICS Nations is Irreversible: Russian President Putin
De-dollarization Among BRICS Nations is Irreversible: Russian President Putin
Sputnik India
The ongoing trend of de-dollarization among BRICS nations is an "irreversible trend", Russian President Vladimir Putin told the closing session of the BRICS Business Forum during his keynote address on Tuesday.
2023-08-22T22:07+0530
2023-08-22T22:07+0530
2023-08-22T22:07+0530
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The ongoing trend of de-dollarization among BRICS nations is an "irreversible trend", Russian President Vladimir Putin told the closing session of the BRICS Business Forum during his keynote address on Tuesday.Putin highlighted the growing economic interactions among the BRICS nations during his address.Putin slammed the "illegitimate sanctions" by western countries against Russia in the wake of the Special Military Operation, blaming them for exacerbating the global economic situation.He stated that BRICS states have been prompted to "solve difficult problems against the backdrop of market volatility, inflationary pressure due to the irresponsible actions of a number of countries".Putin further said that Moscow was ready to return to the Black Sea Grain Deal if other parties fulfil their committments.The Russian President underlined that Russia was committed to be a "reliable supplier" of food grain to the world, including the African countries.Putin noted with concern that the food shortages have affected the most vulnerable people in the poorest countries in the world.
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brics business summit, putin speech at brics summit, russian economy, putin on dedollarisation, brics summit, putin speech, modi speech, brics putin, de-dollarization, brics expansion, modi speech, modi news, black sea grain deal, food security, africa news
De-dollarization Among BRICS Nations is Irreversible: Russian President Putin
The closing session of the BRICS Business Forum was addressed by leaders of South Africa, Russia, India and Brazil, with the Chinese President Xi being represented by a delegate.
The ongoing trend of de-dollarization among BRICS nations is an "irreversible trend", Russian President Vladimir Putin told the closing session of the BRICS Business Forum during his keynote address on Tuesday.
Putin highlighted the growing economic interactions among the BRICS nations during his address.
"Mutual investments among BRICS states have increased six fold and their total exports have reached 20 percent of the world exports. For Russia, the trade volume with BRICS partners has increased and grown by 35.6 percent in the first half of this year," the Russian leader noted during his address, which was delivered in virtual mode.
Putin slammed the "illegitimate sanctions" by western countries against Russia in the wake of the Special Military Operation, blaming them for exacerbating the global economic situation.
He stated that BRICS states have been prompted to "solve difficult problems against the backdrop of market volatility, inflationary pressure due to the irresponsible actions of a number of countries".
The Russian President also highlighted the Moscow-backed connectivity initiatives such as the International North South Transport Corridor (INSTC) and the North Sea route, saying that Russia would "refocus its transport and logistics flows to reliable partners".
Putin further said that Moscow was ready to return to the Black Sea Grain Deal if other parties fulfil their committments.
The Russian President underlined that Russia was committed to be a "reliable supplier" of food grain to the world, including the African countries.
Putin noted with concern that the food shortages have affected the most vulnerable people in the poorest countries in the world.
