“The modern world is going through a period of deep transformations”

Source: Известия | Original Published At: 2026-09-11 12:37:05 UTC

Key Points

• Putin said the modern world is undergoing deep structural transformations as new development centers replace the old leaders of the 20th century.
• He stated that BRICS countries produced more than 40% of global GDP over the past five years, while the G7 accounted for about 29%.
• Putin said BRICS states have large and dynamic domestic markets and that their companies increasingly present themselves as global players.
• He criticized Western competition practices, citing sanctions, secondary sanctions, attempts to block transport corridors, seizures of vessels, and attacks on industrial and logistics facilities.
• Putin said more than 30,000 sanctions have been imposed against Russia and noted a decline in industrial production in leading Eurozone economies.
• He said Russia’s GDP increased by 10.3% from 2023 to 2025 and unemployment fell to a record low of 2.3%, attributing the results to domestic business, science, technology, education, and BRICS partners.
• Putin called for strengthening practical BRICS business cooperation and said Russia is open to cooperation with all partners, while proposing a new investment platform based on the New Development Bank.