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03:58

Brazil: Putin slams 'unfair trade practices and sanctions' at BRICS forum

Brazil, Brasilia
November 13, 2019 at 23:08 GMT +00:00 · Published

Russian President Vladimir Putin addressed the audience at the closing ceremony of the BRICS business forum in the Brazilian capital Brasilia on Wednesday.

Putin spoke about protectionism in world trade and the current global economic situation.

"As we just heard more and more unfair trade practices and sanctions measures, including politically motivated ones, and protectionism measures are being used by some countries," the Russian leader said.

He also stressed that "in Russia we have been following a balanced microeconomic policy for many years." He said Russia was ready to share the experiences in the economy and modern technological development with its BRICS partners.

"I am talking about the electronic document management software, search engines and other electronic and IT achievements, that we have seen in Russia over the last decade," Putin added.

The Russian president mentioned participation in BRICS projects for the use of clean fuel; to create renewable energy sources; to increase energy efficiency; and to use natural gas as a motor fuel.

"I also would like to note that Russia has the newest technologies for clean and peaceful nuclear energy," Putin said.

During the two-day event, which runs under the theme 'BRICS: Economic Growth for an Innovative Future', the leaders of Brazil, Russia, India, China, and South Africa are to discuss the current state and prospects of cooperation within the organisation, including issues related to economic, financial and cultural cooperation.

03:58
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Russian President Vladimir Putin addressed the audience at the closing ceremony of the BRICS business forum in the Brazilian capital Brasilia on Wednesday.

Putin spoke about protectionism in world trade and the current global economic situation.

"As we just heard more and more unfair trade practices and sanctions measures, including politically motivated ones, and protectionism measures are being used by some countries," the Russian leader said.

He also stressed that "in Russia we have been following a balanced microeconomic policy for many years." He said Russia was ready to share the experiences in the economy and modern technological development with its BRICS partners.

"I am talking about the electronic document management software, search engines and other electronic and IT achievements, that we have seen in Russia over the last decade," Putin added.

The Russian president mentioned participation in BRICS projects for the use of clean fuel; to create renewable energy sources; to increase energy efficiency; and to use natural gas as a motor fuel.

"I also would like to note that Russia has the newest technologies for clean and peaceful nuclear energy," Putin said.

During the two-day event, which runs under the theme 'BRICS: Economic Growth for an Innovative Future', the leaders of Brazil, Russia, India, China, and South Africa are to discuss the current state and prospects of cooperation within the organisation, including issues related to economic, financial and cultural cooperation.

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