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🎙 President of Russia Vladimir #Putin at the plenary session of the Eastern Economic Forum:

“Global economic future lies with Asia and Global South.

We see that business ties, trade routes are reorienting to the #East and the #GlobalSouth. Our Far Eastern regions provide direct gateway to these promising and developing markets and allow us to overcome the barriers that some Western elites are trying to impose on the world”.

#putin #presidentputin #globalsouth #asia #east #EEF2024
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🎙 President of Russia Vladimir Putin took part in the 9th Eastern Economic Forum plenary session (September 5, 2024)

Full text of the statement and answers to media questions

💬 President Putin: We have designated the development of the Far East as a national priority for the XXI century. The significance and correctness of that decision have been confirmed by life itself, the challenges we have recently encountered and, most importantly, the objective trends that are gaining momentum in the global economy, when the main business ties, trade routes and the overall development are increasingly shifting towards the East and the Global South.

Our Far Eastern regions offer direct access to these growing emerging markets, helping us overcome the barriers which some Western elites are trying to create worldwide. The most important thing, as I have already mentioned, is that the Far East is a huge area for implementing business initiatives, launching complex projects and creating whole new industries.

❗️ The Far East has become a crucial factor for strengthening Russia’s standing in the world and our flagship in the new global economic reality. The further development of the Far East will largely determine the future of our country as a whole.

<...>

Overall, representatives of more than 75 countries and territories are taking part in the forum’s events. It is extremely important that such discussions are complemented with substantive business dialogues and result in the adoption of investment decisions and trade agreements. I would like to say that over a thousand agreements worth in total more than 10.5 trillion rubles were signed during the previous three forums.

☝️The Eastern Economic Forum has rightfully become a respected venue for establishing reliable business contacts and discussing the strategic development of the Russian Far East and the Asia-Pacific region as a whole.

Other key talking points

• Russia's economy ranks fourth in the world in terms of GDP by purchasing power parity;

• We and our BRICS partners use national currencies in 65% of trade settlements with each other;

• We did not refuse to settle in dollars, we were denied settlements, and we were simply forced to look for other options;

• More than 30 countries are willing to cooperate with BRICS, and some of them are ready to join the group;

• The new members who joined BRICS this year are self-sufficient, have rapidly growing economies and will make their contribution to the development of the grouping;

• [Kiev regime's Kursk incursion] goal of trying to make us nervous, to relocate our forces, to halt our military adavance in Donbass was not achieved. Our Armed Forces stabilised the situation and stepped up their offensive.

#EEF2024