President Vladimir Putin has touted BRICS — a bloc comprising Russia, Iran, India, China, Brazil, and South Africa — and said the alliance, which is a geopolitical counterweight to Western power and influence, has a large potential for attracting new members.
The Russian leader was addressing the annual Saint Petersburg International Economic Forum (SPIEF).
Putin said he welcomes all new members to the economic bloc, adding that he will do everything in his power to add fresh members to the group.
He said trade between Russia and Asia was soaring, adding that trade conducted in Western currencies such as the dollar and euro had dropped to half.
“Last year, the share of the so-called ‘toxic’ currencies of unfriendly nations in payments for Russian exports halved.”
He said currently nearly 40 percent of Russia’s foreign trade was in rubles, and…
