Reference News Network, July 7 report. According to RIA Novosti, July 6 report, Russian President Putin delivered a speech at the BRICS Summit held in Rio de Janeiro via video.

Putin pointed out that the prestige and influence of the BRICS countries are increasing year by year globally and have firmly occupied the core position of global governance.

He said: "Our organization has significantly expanded its membership, including major countries in Europe, Asia, Africa, the Middle East, and Latin America. We have great political, economic, technological, and human resource potential."

Calculating by purchasing power parity, the GDP of the BRICS countries far exceeds other organizations and mechanisms, such as the G7.

The BRICS member states account for one-third of the Earth's land area and nearly half of the world's population, and they account for 40% of the global economy.

The organization has many like-minded countries among the Global South, which favor the open partnership, cooperation, mutual respect, and consideration of each other's opinions culture formed by the BRICS.

The world is undergoing fundamental changes, and the system serving a unipolar international relationship is becoming history. The liberal globalization model is being eliminated. The process of changing the world order is accelerating continuously.

Putin said: "I would like to emphasize that the BRICS member states represent different development models, religions, unique civilizations, and cultures. At the same time, all countries advocate equality, friendly neighborhood, and value traditional values, noble ideals of friendship and harmony, and are committed to making significant contributions to maintaining global stability and security and achieving common prosperity and wealth."

The BRICS member states will continue to deepen cooperation in key areas such as politics and security, economy and finance, culture and people-to-people exchanges.

It is important to strengthen cooperation among BRICS member states in technology, resource development, logistics, trade, and finance.

He said that the share of using local currencies in trade between BRICS member states is steadily increasing, and it is necessary to expand this trend. (Translated by Li Ran)

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