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Putin Pitches BRICS Investment Platform Amid Global Economic Shift
Vladimir Putin suggested that BRICS countries create a new digital platform to help pay for important projects.
The platform would use the New Development Bank as a foundation and seek money from private businesses.
Possible projects include roads, transport routes, technology, artificial intelligence and tourism.
Putin said Russia could work with other countries on the Arctic and North-South transport corridors.
He said BRICS countries are becoming a bigger part of the world economy than the G7.
Putin also said BRICS cooperation was not meant to attack or exclude anyone.
He criticized sanctions and other trade and financial restrictions placed on Russia.
He said Russia wanted to work with reliable partners and remain open to cooperation with the wider world.
The proposal was made during his visit to India before a BRICS summit.
Vladimir Putin proposed a digital BRICS investment platform built around the New Development Bank to attract private-sector funding.
He said the platform could finance trade, infrastructure, logistics, technology, artificial intelligence and other projects.
Putin highlighted the Arctic Transport Corridor and North-South Transport Corridor as potential areas for cooperation.
He claimed BRICS economies produced more than 40% of global GDP and over half of global growth during the past five years, compared with 29% for the G7.
Putin criticized sanctions and other restrictions while saying BRICS cooperation was open to the wider world and aimed at advancing members’ national interests.
- Who
- Russian President Vladimir Putin, BRICS members, business leaders and the New Development Bank.
- What
- Putin proposed a digital BRICS investment platform and urged deeper cooperation in infrastructure, logistics, technology, finance and other sectors.
- Where
- New Delhi, India.
- When
- Friday, during Putin’s three-day visit to India and ahead of the BRICS summit.
- Why
- To mobilize private-sector funding, strengthen BRICS economic ties and support projects while reducing reliance on traditional Western-led financial institutions.
Key facts
- Proposal
- A digital investment platform based on the New Development Bank framework.
- Potential funding
- Private-sector investment for BRICS projects.
- Priority areas
- Trade, infrastructure, logistics, technology, artificial intelligence, finance, tourism and industry.
- Transport projects
- The Arctic Transport Corridor and North-South Transport Corridor.
- Economic claim
- Putin said BRICS produced more than 40% of global GDP and accounted for more than half of global growth over the past five years.
- G7 comparison
- Putin compared BRICS’ stated share of global GDP with 29% for the G7.
- BRICS expansion
- The grouping expanded in 2024 to include Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia; Indonesia joined in 2025.
Quotes
Vladimir Putin
President of Russia speaking to BRICS business leaders
“We are not against anyone. We are in favour of our interests.”
livemint.com
“We are open to working with the whole world”
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Sources
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