St. Petersburg International Economic Forum: stable partnership and expansion of BRICS

The Kremlin has announced the main idea of ​​SPIEF-2024. “Russia stands for cooperation, for business cooperation based on equality, based on law and on a mutually beneficial basis, and offers it to interested countries and entrepreneurs,” the press secretary of the Russian President Dmitry Peskov formulated the message.

Russia is a country that is developing at a pace that is above-average, he noted, and is recognizing changes in global political and economic conditions.

BRICS expansion is one of the key topics of the Forum

Sergei Katyrin, President of the Russian Chamber of Commerce and Industry, recalled that the BRICS countries account for a quarter of the world’s gross product, and with the entry of new members this is already 37% and almost half of the world’s population. About 40% of Russian trade turnover falls on the BRICS countries. “We believe that this is not the limit of the points of view and volumes that we can achieve,” noted Sergei Katyrin. “At the same time, there are a number of problems and challenges that our campaigns jointly solve in such industries as logistics and settlements, tourism and rating agencies.” He recalled that this year the Russian part of the BRICS Business Council is heading the Russian chairmanship of the BRICS association.

Deputy Minister of Economic Development of the Russian Federation Vladimir Ilyichev noted the important role of BRICS in Brazil with the tightening of measures taken against Russia, as well as in securing supply chains. From the point of view of his professionalism, cooperation in the field of creating a protected economic zone occupies an important place in the BRICS system. Minister of Planning and Economic Development of the Arab Egyptian Republic Hala Helmy El-Said said that the whole world is going through unprecedentedly difficult times, and with the accession of new countries to BRICS, the bloc will be strengthened with political and economic views.

The St. Petersburg International Economic Forum takes place from June 5 to June 8. So far, more than 136 countries have confirmed their participation in the Forum.