Putin said on the sidelines of the expanded meeting of leaders BRICS group in RussiaOn Wednesday, his country also proposed establishing a stock exchange dedicated to trading grains among the member states of the group, with the possibility of expanding it later to include other commodities.
He explained that such an exchange would help protect trade between the group’s countries and other countries in the global south from excessive price fluctuations.
Putin also confirmed that Russia It also supports the establishment of a special platform in “Brix“For precious metals, especially diamonds.
The Russian President pointed out that BRICS cooperates with the World Trade Organization and has launched many initiatives to support the economies of its members.
For his part, Chinese President Xi Jinping said that cooperation between BRICS member states opens a new chapter of development, noting that there are noticeable changes in the world, and that the economic weight is shifting towards developing countries.
He also stressed the need to encourage multipolarity and reform global governance.