Putin Claims BRICS Share in Global Economy Has Surpassed G7

09 February

In an interview with Tucker Carlson, Russian President Vladimir Putin asserted that the collective economic weight of the BRICS countries has exceeded that of the G7 group. He stated, "And as for the BRICS as a whole - Russia became the BRICS chair as of this year - the BRICS countries are developing at a very fast pace."

 

Putin compared the economic shares of the two groups, recalling that in  1992, the G7 countries' share of the global economy was  47%, and by  2022, it had dropped to approximately  30%. He contrasted this with the BRICS countries, which had a share of only  16% in  1992 and now surpass the G7 level. Putin emphasized that this trend is not influenced by any events in Ukraine.

 

The BRICS group, founded in  2006, has expanded twice since its inception. Initially, South Africa joined the original membership in  2011, which included Brazil, Russia, India, and China. In August  2023, six new members—Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—were invited to join the association simultaneously. However, Argentina declined to join in late December. As of January  1 of this year, ten countries are members of BRICS.

 

 

GSV "Russia - Islamic World"

Photo: official website of the President of the Russian Federation

Based on materials from TASS