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Russia Leads Efforts to Strengthen BRICS Political, Economic & Security Cooperation: Egyptian Expert
Russia Leads Efforts to Strengthen BRICS Political, Economic & Security Cooperation: Egyptian Expert
Sputnik Africa
The BRICS Business Forum takes place on October 17-18 in Moscow, ahead of the BRICS Summit to be held in Kazan on October 22–24, which will include the new... 18.10.2024, Sputnik Africa
2024-10-18T19:15+0200
2024-10-18T19:15+0200
2024-10-18T19:33+0200
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Russia is committed to strengthening political, economic and security partnerships within BRICS and promoting its economic and political independence, Egyptian economist and international relations expert Abu Bakr Al-Dib told Sputnik, commenting on Russian President Vladimir Putin's statement at the opening of the BRICS 2024 Business Forum in Moscow.President Putin asserts that Russia has successfully weathered the impact of over 14,000 Western sanctions. He champions the BRICS group as a strong and growing economic power, outperforming the G7.The expert added that the Russian president also emphasized that BRICS itself and the bloc's economy are strong and growing, and its economic performance is ahead of that of the G7. BRICS countries are successfully cooperating and implementing joint projects. To strengthen the group's economic independence under the pressure of sanctions, Russia proposes to create a "BRICS Clear" platform to regulate securities trading and improve interaction between the member nations' credit rating agencies, the expert noted. Another initiative by the world's largest wheat exporter is to establish a grain trading exchange in the BRICS group as an alternative to the Western exchanges that influence international agricultural commodity prices, according to Al-Dib. He also pointed out the efforts to develop digital trade using the Internet and artificial intelligence and create a unified digital infrastructure for the BRICS countries.
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russia, brics, brics expansion, brics summit 2024, brics summit, egypt, north africa, cooperation, sanctions, anti-russian sanctions, us sanctions, vladimir putin, economy, g7, economic growth, partnership, development, trade, northern sea, northern sea route, transportation, digital technology , artificial intelligence (ai), forum, africa insight
Russia Leads Efforts to Strengthen BRICS Political, Economic & Security Cooperation: Egyptian Expert
19:15 18.10.2024 (Updated: 19:33 18.10.2024) Alla Shukanova
Writer / Editor
The BRICS Business Forum takes place on October 17-18 in Moscow, ahead of the BRICS Summit to be held in Kazan on October 22–24, which will include the new members for the first time.
Russia is committed to strengthening political, economic and
security partnerships within BRICS and promoting its economic and political independence, Egyptian economist and international relations expert
Abu Bakr Al-Dib told
Sputnik, commenting on Russian President Vladimir Putin's statement at the opening of the BRICS 2024 Business Forum in Moscow.
President Putin asserts that Russia has successfully weathered the impact of over 14,000 Western sanctions. He champions the BRICS group as a strong and growing economic power, outperforming the G7.
"President Putin emphasized that Russia managed to overcome Western sanctions by the US and Europe, which have exceeded 14,000, and that the BRICS group is strong and Russia is working on plans to develop political and security partnerships with the BRICS countries," he said, referring to the president's statement at the forum.
The expert added that the Russian president also emphasized that BRICS itself and the bloc's economy are strong and growing, and its
economic performance is ahead of that of the G7. BRICS countries are successfully cooperating and implementing joint projects.
To strengthen the group's economic independence under the pressure of sanctions, Russia proposes to create a "BRICS Clear" platform to regulate securities trading and improve interaction between the member nations' credit rating agencies, the expert noted.
Another initiative by the world's largest wheat exporter is to establish a grain trading exchange in the BRICS group as an
alternative to the Western exchanges that influence international agricultural commodity prices, according to Al-Dib.
"Efforts are also underway to develop transport facilities and solutions needed to manage and open shorter routes for energy trade and transport, develop the Northern Sea Route, build power plants for ships," the economist said, highlighting Russia’s role in efficient energy trade and transport development.
He also pointed out the efforts to develop digital trade using the Internet and artificial intelligence and create a unified digital infrastructure for the BRICS countries.
