Putin Says Russia’s Trade Within BRICS Increased By 35.6% But Ramaphosa Laments Poverty In Member States

Russian President Vladimir Putin has said his country’s bilateral trade with members of the BRICS economic bloc grew by 35.6% between January and June.

Putin disclosed this while addressing the BRICS plenary via video, adding that the bloc now serves as a building block for member states to increase mutual investment and exports.

BRICS is an acronym for Brazil, Russia, India, China and South Africa.

“The exchanges of this Forum enhance exchanges and sustainable development between our countries. More and more joint projects are launched and mutual trade is growing & industry contracts expanding.