Kazan, Russia: Russian President Vladimir Putin has praised the BRICS nations, saying the bloc has the potential to possess ‘truly immense’ power.

Putin was delivering remarks at the 16th BRICS Summit underway in Kazan, Russia.

The now expanded BRICS bloc of countries includes Brazil, Russia, China, India, South Africa, as well as newly minted Member States Egypt, Ethiopia, Iran, and the United Arab Emirates (UAE).

‘We are all witnessing the dynamic growth of BRICS and the strengthening of its authority and influence in global affairs.

‘The BRICS states possess truly immense potential in terms of political power, economy, science, technology, as well as human development. Furthermore, we are united by shared values and a common worldview,’ he said.

The leader described the grouping as a convergence of states committed to mutual respect in diversity.

‘It would be fair to say that BRICS is a group of like-minded sovereign states that represent different continents, development models, religions, and dist
inctive civilisations and cultures.

‘All our states advocate equality, neighbourliness and mutual respect, the assertion of the noble ideals of friendship and harmony, commonwealth and well-being.

‘We have assumed responsibility for the future of the world not in word but in deed. We are exerting a truly beneficial influence on global stability and security and making a substantial contribution to addressing pressing regional problems,’ Putin said.

He noted that the approach of the BRICS bloc is to respond to the ‘aspirations of the largest part of the international community, which we refer to as the global majority’.

‘This approach is especially relevant in the current conditions when truly radical changes are underway across the globe, including the shaping of a multipolar world,’ Putin concluded.

Source: South African Government News Agency