KAZAN: The BRICS nations should establish their own investment platform to harness their economic potential and benefit from global economic growth, Russian President Vladimir Putin stated at the BRICS summit in Kazan. The proposal aims to strengthen the economies of BRICS countries and support financial development in the global South and East.

According to Trend News Agency, President Putin proposed the creation of a new BRICS investment platform to act as a “robust mechanism” for economic enhancement among member nations. This platform would not only boost economic ties but also provide financial resources to nations outside the bloc, particularly in the global South and East.

Furthermore, President Putin highlighted the potential of the BRICS grain exchange, advocating for its transformation into a comprehensive commodity exchange. This move, he asserted, would aid in developing equitable and reliable price indicators for goods and raw materials, thereby fostering fair trade practices and economic stabi
lity within the BRICS nations.