Putin urged BRICS to jointly seek solutions to the problems in world trade
The situation in the global economy can not cause anxiety, in a world of growing protectionism and political barriers, said Vladimir Putin at the meeting of heads of States of BRICS.
The situation in the global economy can not cause anxiety, in a world of growing protectionism and political barriers, said Vladimir Putin at the meeting of heads of States of BRICS.
"It is symptomatic that International trade ceases to be an engine of economic improve and feels increasingly heavy burden of protectionism, politically-motivated restrictions and barriers," He said.
According to the President of the Russian Federation, there are weak indicators of business activity, the increase in global debt and high volatility in financial, currency and commodity markets.
"in these conditions, it appears that BRICS countries must take a proactive role in shaping a more equitable and sustainable global development based on the principles of equality, respect of sovereignty and interest of all countries ", - said Putin.
He drew attention that it is necessary to seek common solutions, options for possible arrangements, " which could become the basis for discussions in a wider circle of interested countries ".
According to the Russian leader, the BRICS countries should actively apply the payments in national currencies. He added that the integration of payment systems and the development of independent channels of information exchange between the national Bank would be useful, it would contribute to strengthening the resilience of banking systems to external impact.
Also, according to his statement, included in the unification of the country required to achieve the reform of the international monetary Fund, to increase the influence of developing countries.
The meeting of BRICS leaders was held on the last working day of the week before the opening of the G20 summit. Together with the heads of Russia and China it was attended by the leaders of Brazil Air Bolsonaro, who acted as the Chairman of the meeting, South Africa Cyril of Ramaphosa and Narendra modi. Such dialogues of the leaders of the five traditionally held in relation to the summits of "twenty" each year.
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