Russian President Vladimir Putin has claimed that the BRICS association is more powerful economically compared to the G7.
He said that the BRICS group accounts for a third of the planet’s ground territory and nearly half of its population also accounts for 40% of the global economy.
According to the International Monetary Fund data for 2025, the BRICS aggregate GDP in terms of the purchasing power parity is over U$77 trillion.
“By the way, BRICS considerably outperforms some other associations, including the Group of Seven with its U$57 trillion, as concerns this index,” President Putin said at the BRICS summit via a video link.
“The main thing is that the BRICS nations continue developing cooperation in key areas of politics and security, economy and finance, cultural and humanitarian exchanges,” the Russian leader emphasized.
Putin added that now the expanded association includes leading countries of Eurasia, Africa, the Middle East, and Latin America and has “a really huge political, economic, scientific-and-technical, and human potential.”
The Russian president thanked his Brazilian counterpart, Luiz Inacio Lula da Silva, and the Brazilian BRICS presidency in promoting the strategic partnership within the association.
Brazil is hosting a regular BRICS summit on July 6 and 7. Putin took part in the summit’s plenary session via video link.
