Russian President Vladimir Putin recently highlighted that Russia’s economic growth should surpass global growth rates. Speaking at a conference on financial matters, Putin emphasized the need for fiscal stability and the successful implementation of various national projects to achieve economic goals. He stressed that the stability of public finances and the progress of planned projects are intricately linked to the state of Russia’s economy, underscoring the importance of achieving targeted growth rates.
Putin pointed to the necessity of leveraging the country’s domestic potential, strengthening international partnerships, and introducing advanced technologies to fuel economic development. He mentioned that Russia should focus on developing industries, regions, and territories while advancing technological innovations to remain competitive in the modern global economy.
During the BRICS virtual summit hosted by Brazil in September 2025, Putin participated remotely and discussed the need for cooperation between member countries on matters like trade, finance, investment, and more.
India’s External Affairs Minister, S. Jaishankar, who represented PM Modi at the summit, emphasized the importance of stabilizing the international economy, particularly in the face of ongoing global challenges. The discussions reinforced shared economic priorities among BRICS nations, highlighting the need for multilateral reforms and collaborative action.
