BRICS now richer than G7: Putin
Moscow: The BRICS nations have overtaken G7 states in terms of the purchasing power parity (PPP) of their populations, Russian President Vladimir Putin said on Russian President Vladimir Putin has announced that the BRICS nations have overtaken G7 states in terms of purchasing power parity (PPP) of their populations. The group will be joined in January by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. Putin said that the expansion will prove beneficial to the group, which has historically positioned itself as an alternative to Western-dominated international institutions.
Publicado : Hace 2 años por IANS en Politics World
Moscow: The BRICS nations have overtaken G7 states in terms of the purchasing power parity (PPP) of their populations, Russian President Vladimir Putin said on Monday in an interview.
“As for BRICS, at the time of the summit in Johannesburg [in August], the ratio of the economies of the G7 countries and the BRICS countries was already in favor of BRICS in terms of purchasing power parity,” Putin said.
BRICS currently comprises Brazil, Russia, India, China, and South Africa, but the group will be joined in January by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
The G7 club of industrialised and developed countries consists of the US, Canada, the UK, France, Italy, Germany, and Japan.
Putin said that the BRICS expansion will prove beneficial to the group, which has historically positioned itself as an alternative to Western-dominated international institutions, RT reported.
Temas: Russia, Vladimir Putin, G7, Russia-Ukraine War