Moscow is ready to cooperate with partners across the globe and contribute to global energy and food security, the Russian president has told the BRICS Business Forum<\/p>\n
Russia is open to cooperation and doing business with \u201cthe whole world,\u201d President Vladimir Putin has said. This includes both Western economic powers \u2013 despite what he described as their \u201cugly forms of competition\u201d \u2013 and the growing economies of the Global South and East.
\n\u201cWe are ready to cooperate with all our partners,\u201d\u00a0Putin told the\u00a0BRICS Business Forum panel\u00a0at\u00a0the 18th BRICS summit in India, adding that they could be\u00a0\u201cold or new.\u201d
\nPutin said that the shared goal is to unlock the development potential of Russia and its partners through \u201cbusiness diplomacy,\u201d making it easier for companies and entrepreneurs to cooperate.
\n\u201cWe do not want to impose any restrictions on ourselves or turn inward \u2013 whether at the national, corporate, or even the broader level of our partnership,\u201d he stated. \u201cWe are not building our cooperation against anyone. We stand for ourselves and our interests.\u201d<\/p>\n
Russia is seeking to expand practical business cooperation with its partners in industry, trade, and tourism, Putin said, noting that Moscow has established a national business cooperation committee bringing together more than 40 of the country\u2019s largest companies.<\/p>\n
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He also highlighted plans to develop major logistics routes, such as the Trans-Arctic and North-South transport corridors, and proposed creating a new investment platform based on the BRICS New Development Bank to attract private capital and boost competitiveness.
\n\u201cTogether with our partners, we stand ready to contribute to global energy and food security,\u201d Putin said.
\nPutin noted that the world is undergoing \u201cdeep structural shifts,\u201d with traditional economic powers being displaced by new engines of growth \u2013 a natural process that he insisted \u201ccannot be stopped.\u201d He argued, however, that Western economies facing growing competition increasingly resort to unsavory methods.
\n\u201cSometimes competition takes ugly forms,\u201d he said, citing the destruction of pipelines, attempts to block international transport routes, unilateral \u201cillegal restrictions,\u201d and secondary sanctions against countries \u201cunwilling to follow others\u2019 interests.\u201d<\/p>\n
Russia has faced more than 30,000 sanctions since the escalation of the Ukraine conflict \u2013 twice as many as all other countries combined, Putin said. Moscow nevertheless weathered the unprecedented pressure by relying on domestic business, science, and engineering while redirecting trade toward \u201creliable partners,\u201d he stated. Russia\u2019s economy has become more resilient, with growth outpacing the global average over the past three years, he added.<\/p>\n
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The president noted that against expectations the sanctions had instead hurt those imposing them, pointing to rising budget deficits, public debt, and industrial decline. Leading eurozone economies have seen industrial output fall by around 8% in recent years, he claimed.
\nSpeaking of BRICS, Putin described the group as an increasingly powerful force in the global economy.
\n\u201cThrough our combined efforts, BRICS is building a resilient and viable platform for global growth,\u201d he said. \u201cThis is not being imposed on us from the outside by the so-called \u2018golden billion\u2019, nor are we trying to impose anything on anyone else.\u201d
\nPutin noted that BRICS countries generated more than 40% of global GDP over the past five years, compared with 29% for the G7, while contributing more than half of global economic growth against just 18% for the G7. He attributed the momentum to the grouping\u2019s vast population, dynamic domestic markets, and rapidly expanding national companies with global ambitions.<\/p>\n
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The 18th BRICS Summit in New Delhi runs through Sunday, bringing together leaders of the expanded grouping to discuss economic cooperation, energy and food security, global governance, and geopolitical challenges. Putin, who arrived in India on Friday, has already held talks with Prime Minister Narendra Modi on the sidelines of the gathering. He is also expected to hold talks with other leaders attending the gathering.<\/p>\n","protected":false},"excerpt":{"rendered":"
Moscow is ready to cooperate with partners across the globe and contribute to global energy and food security, the Russian president has told the BRICS Business Forum Russia is open…<\/p>\n","protected":false},"author":1,"featured_media":37924,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-37923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t