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MOSCOW. – The group of developing economies should act together to strengthen their global influence, the Russian president has said
Members of the BRICS economic group could establish their own parliament in the future, Russian President Vladimir Putin said at the 10th parliamentary forum of the bloc in St Petersburg yesterday.
The Russian leader noted that the number of participants had increased this year. He said Russia, as the current chair of the group, would ramp up efforts to ensure that the four new members of the bloc were effectively integrated following their accession earlier this year.
BRICS was founded in 2006 by Brazil, Russia, India, and China, with South Africa joining in 2011. The group expanded this year when Egypt, Ethiopia, Iran, and the United Arab Emirates became full members.
“Thus far, BRICS does not have its own institutionalized parliamentary structure. But I believe that in the future this idea will definitely be realized,” Putin said.
The Russian president stated that, by acting together, the group would be able to unlock its potential in economic, investment and technology cooperation. He also said events such as the group’s parliamentary forum strengthen the influence of BRICS on global affairs and help “make the world safer and more harmonious.”
The group’s priorities include the achievement of “positive changes” in the world economy through the development of reliable financial instruments for settling payments within BRICS, Mr Putin said. –RT.com
Peter Tanyanyiwa
Online Reporter