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World Free From Neocolonialism: Putin Calls For New Global Development Model
World Free From Neocolonialism: Putin Calls For New Global Development Model
Sputnik India
Russian President Vladimir Putin addressed the St. Petersburg International Economic Forum (SPIEF) plenary session on Friday, which is being held from June 18... 20.06.2025, Sputnik India
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We need a new development model, not one where the "golden billion" drains resources from other countries, benefiting only a small elite, not even their own people, Putin stressed during his speech at SPIEF 2025 plenary.BRICS countries are leading in nuclear energy, aviation, IT, robotics, and AI. With over $1 trillion in mutual trade, we’re building a Global Growth Platform, Putin said at the SPIEF plenary session on Friday.He also emphasised the need to develop non-oil and gas exports and, in this context, announced that work on a long-term cooperation agreement between Russia and India must be completed soon.Crises are rapidly erupting around the world, as evidenced today in the Middle East, Putin remarked, President Putin stated.Russia's GDP has been growing at a pace above the global average for the past two years, Putin emphasised.Annual inflation in Russia as of June 16 stood at 9.6%, Russian President mentioned.The Russian city of St. Petersburg is hosting the 28th edition of SPIEF from June 18-21 under the theme of "Shared Values: The Foundation of Growth in a Multipolar World."The Rossiya Segodnya international media group, Sputnik's parent company, is the forum's information partner.
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PRESIDENT PUTIN SPEAKS AT SPIEF PLENARY SESSION
Sputnik India
PRESIDENT PUTIN SPEAKS AT SPIEF PLENARY SESSION
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russia, vladimir putin, st. petersburg international economic forum (spief), spief 2025, economics, russian economy, видео
World Free From Neocolonialism: Putin Calls For New Global Development Model
18:01 20.06.2025 (Updated: 19:32 20.06.2025) Russian President Vladimir Putin addressed the St. Petersburg International Economic Forum (SPIEF) plenary session on Friday, which is being held from June 18 to 21 under the theme "Shared Values as the Foundation for Development in a Multipolar World."
We need a new development model, not one where the "golden billion" drains resources from other countries, benefiting only a small elite, not even their own people, Putin stressed during his speech at SPIEF 2025 plenary.
BRICS countries are leading in nuclear energy, aviation, IT, robotics, and AI. With over $1 trillion in mutual trade, we’re building a Global Growth Platform, Putin said at the SPIEF plenary session on Friday.
"BRICS bloc accounts for 40% of global economy — this share is set to grow," Putin stated. "As for the payment infrastructure, we will continue to work closely with our BRICS colleagues to build effective, reliable and, I repeat, independent of external interference mechanisms and services."
He also emphasised the need to develop non-oil and gas exports and, in this context, announced that work on a long-term cooperation agreement between Russia and India must be completed soon.
Crises are rapidly erupting around the world, as evidenced today in the Middle East, Putin remarked, President Putin stated.
Russia's GDP has been growing at a pace above the global average for the past two years, Putin emphasised.
"Despite the difficult external background, Russia's GDP has been adding more than 4% annually over the past two years, that is, it has been growing at a pace higher than the global average," Putin stressed.
Annual inflation in Russia as of June 16 stood at 9.6%, Russian President mentioned.
"According to statistics, annual inflation has already decreased. To single-digit figures of less than 10%. As of June 16, it was 9.6%... Inflation targeting continues," Putin underscored.
The Russian city of St. Petersburg is hosting the 28th edition of SPIEF from June 18-21 under the theme of "Shared Values: The Foundation of Growth in a Multipolar World."
The Rossiya Segodnya international media group, Sputnik's parent company, is the forum's information partner.
