Russian President at BRICS Summit Points to Need to Reform WTO and IMF

Source: Известия | Original Published At: 2026-09-12 10:33:54 UTC

Key Points

• Russian President Vladimir Putin said on September 12 at the BRICS summit that the WTO, IMF and World Bank need improvement.
• He said these institutions were created in different political and economic realities and are struggling to adapt as business activity shifts toward emerging markets.
• Putin noted that the WTO, IMF and World Bank remain channels of dialogue among major world economies.
• He said BRICS countries need to strengthen coordination within these global institutions.