Putin on BRICS New Development Bank

Russian President Vladimir Putin affirmed that the new Development Bank affiliated with the BRICS group is playing an increasing role in supporting the organization's growth, with its activities expanding into key areas aimed at strengthening economic cooperation among member states. He pointed out that the bank makes a tangible contribution to the development of the organization and is actively working to expand its operations in priority sectors. The Development Bank is an important financial tool to support BRICS, which includes the world's largest emerging economies, representing over 40% of the global population, owning about one-third of global trade, and holding oil reserves amounting to approximately 45% of the world's total oil reserves. Moreover, Putin warned that deploying European forces in Ukraine could be considered the beginning of a war against Russia, emphasizing that Moscow does not pose a threat to European countries, and that the threats propagated by Europeans are not genuine.

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