Putin Says BRICS Creates Conditions for Mutual Understanding "Not Military Bloc"

Russian President Vladimir Putin stressed Friday that the BRICS group is not a military bloc, but rather an alliance that creates conditions to achieve mutual understanding between countries.

During his speech at the St. Petersburg International Cultural Forum, Putin said that accepting new members into the BRICS is an example of “how and the necessity of seeking and achieving a settlement without imposing any point of view, ” According to what was reported by the Russian “TASS” news agency.

“These are the organizing principles of the BRICS,” he added, noting that it is not a military bloc but creates conditions for mutual understanding among member states.

The Russian President also stressed that "this is the way to go and this is the way we will work, in particular, within the framework of the BRICS group, whose presidency will be transferred to us as of January next year."

It is noteworthy that the BRICS group is an international bloc that includes Brazil, Russia, India, China and South Africa. It was established in 2006, at a summit hosted by the Russian city of Yekaterinburg. One of the most important goals of this international group is to increase economic relations between them in national currencies, with the aim of reducing dependence on the dollar.

The group seeking to strengthen its influence recently announced that Iran, Saudi Arabia, the United Arab Emirates, Egypt, Argentina and Ethiopia will join as of January 2024.