Putin: Russian trade is turning to international partners such as Brazil, India, China and South Africa

According to a report by the United States CNN (CNN) on the 22nd, Russian President Putin said on Wednesday that due to Western countries trying to cut off the economic connection with Russia, Russia is turning trade to "reliable international partners" such as Brazil, India, China and South Africa.

Putin delivered a video speech at the opening ceremony of the BRICS Business Forum on the 22nd, saying, "We are actively committed to re -guiding our trade traffic with foreign economic connections to the reliable international partners, mainly the BRICS countries." He pointed out, he pointed out that In the first three months of this year, the trade between Russia and other BRICS countries increased by 38%to $ 45 billion.

Russian President Putin Russia New News Agency information map

Putin said, "The connection between the Russian industrial and commercial community and the BRICS industry is increasingly close. For example, negotiations about opening Indian brand chain stores in Russia, and increasing China's automotive, equipment and hardware in Russia's market share are underway."

CNN pointed out that Russia is also increasing oil exports to China and India. Russia surpassed Saudi Arabia in May to become China's largest crude oil supply country in May. According to Reuters, Russia replaced Saudi Arabia in May as the second largest oil supply country in India.

Putin added that Russia's financial information exchange system will open up banks in all BRICS countries and have a "formulation of a reliable international settlement substitution mechanism" with the BRICS partners. In his speech, Putin also accused Western countries of "ignoring the basic principles of the market economy".

CNN pointed out that Western sanctions have cut off most of Russia's connection with the global economy, but Russia is still continuing to make money from export trade, especially when international energy prices have risen. The International Energy Agency estimates that Russian oil export revenue increased to about $ 20 billion in May. (Edit: HHJ)

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