PThe resident said that under the conditions of sanctions, Russia is developing relations with “reliable international partners” — the BRICS countries. He also noted the expansion of the Russian presence in these states
Russian business circles are stepping up contacts with businesses from Brazil, India, China and South Africa in the face of sanctions, President Vladimir Putin said in his greeting to the participants of the BRICS Business Forum. In particular, an increase in the share of Chinese cars in the Russian market and the opening of Indian chain stores in the country are being discussed.
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The Russian presence in the BRICS countries is also expanding, the head of state noted. “The volumes of Russian oil supplies to China and India are growing noticeably. Cooperation in the field of agriculture is developing dynamically. Russia exports significant amounts of fertilizers to the BRICS countries. Russian IT companies are expanding their activities in India and South Africa, and oursatellites already provide television broadcasting to 40 million residents of Brazil,” he listed. In addition, together with its BRICS partners, Russia is developing “reliable alternative mechanisms for international settlements”, the Russian equivalent of SWIFT, a system for transmitting financial messages, is open to connecting banks of the group’s countries, the geography of using cards is expanding “The World”.
In order to reduce the negative impact of Western sanctions, Russia will reorient its trade flows and foreign economic contacts to reliable international partners, and first of all to the BRICS countries, the president added. “Russian business circles, in coordination with the business communities of the BRICS states, are taking operational steps to develop transport infrastructure, rebuild logistics routes, create new production chains,” Putin said.
The United States, the European Union and other countries have imposed sanctions against Russia because of the military operation in Ukraine. After that, the Russian authorities announced a reorientation to the East and strengthening relations with those countries that want it.
In particular, in May, Russia became the leader in oil supplies to China and took second place in supplies to India, in both cases overtaking Saudi Arabia. In mid-June, Putin and Chinese President Xi Jinping agreed in a telephone conversation to expand cooperation in the energy, industrial and transport sectors.
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Russian Deputy Foreign Minister Sergei Ryabkov said at the end of March that the BRICS countries would form the basis of a new emerging world order. He noted the role of the association in the fight against the sanctions policy of Western states.
On June 23–24, the 14th BRICS Summit will be held in an online format under the chairmanship of China. Its theme: “Promoting quality BRICS partnership, the beginning of a new era of global development”.
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