Summary of Vladimir Putin's speech at the BRICS summit:

🔹 **Critique of liberal globalization**: Putin stated that the model of liberal globalization is outdated and that the world economic order is changing rapidly.

🔹 **Rise of emerging markets**: He pointed out that the center of economic activity is shifting to developing markets, driving the growth of BRICS countries (Brazil, Russia, India, China, and South Africa).

🔹 **Economic weight of the BRICS**:

- They represent almost half of the world population and 40% of the global economy.

- According to the IMF, their combined GDP in purchasing power parity reaches 77 trillion dollars, surpassing that of the G7 (57 trillion).

🔹 **Financial and trade cooperation**:

- 90% of transactions between Russia and the other BRICS countries are conducted in national currencies.

- Brazil supports the Russian proposal to create a grain exchange, highlighting that the group produces 44% of the world's grain.